Group of 30, an independent global consultative group, said Wednesday (April 30) that the Federal Reserve should focus on its 2% inflation target, prioritizing that over its unemployment objective. “The central bank should also shift the employment objective back to seeking the maximum level of...
Etsy is focusing on personalization efforts amid what its CEO calls a “challenging” macroeconomic environment. The eCommerce website reported earnings on Wednesday (April 30) showing consolidated gross merchandise sales (GMS) of $2.8 billion down 6.5% year-over-year and down 5.7% on a currency-neutral basis. GMS for...
For several consumer-facing companies, the best thing that can be said is that households are cautious, or rather outright fearful, with tariffs as the catalyst. Many of these firms have been cautious as well, at least in the Wall Street give-and-take of offering guidance. They’re...
Some retailers are reportedly being “uncharacteristically blunt” in sharing with customers the impact new U.S. tariffs are having on the prices of their products. This marks a change from retailers’ traditional communication strategy when it comes to rising prices, Bloomberg reported Thursday (April 17). Quoting marketing materials...
April 16, 2025
As earnings season kicked off last week, JPMorgan’s CFO Jeremy Barnum said on the conference call with analysts that consumers had been front-loading their spending ahead of anticipated price increases from tariffs. That scramble to buy goods showed up in the latest data on retails sales for March, capturing a surge that notched the highest […]
February 14, 2025
January’s retail sales data showed a broad slump, worse than economists had expected. And though the headlines and analysis — depending on where you go to find them — may...
February 12, 2025
It’s not just about the eggs. Consumers were already feeling the pinch of higher inflation well before the January data on the Consumer Price Index was released by the Bureau...
January 13, 2025
Rising inflation and stagnant incomes are forcing many Americans to reconsider their financial stability, prompting a surge in demand for personal finance advice. Economic headwinds are leaving people worried about...
May 06, 2025
Rite Aid has claimed in a court filing Tuesday (May 6) that its inability to sustain a successful recovery and its subsequent return to bankruptcy protection is primarily due to sparsely stocked store shelves and to trade-down from lower-income consumers. In this court declaration, Marc Liebman, Rite Aid’s chief transformation officer, detailed how post-emergence inventory […]
April 30, 2025
Group of 30, an independent global consultative group, said Wednesday (April 30) that the Federal Reserve should focus on its 2% inflation target, prioritizing that over its unemployment objective. “The...
April 30, 2025
Etsy is focusing on personalization efforts amid what its CEO calls a “challenging” macroeconomic environment. The eCommerce website reported earnings on Wednesday (April 30) showing consolidated gross merchandise sales (GMS)...
April 17, 2025
Some retailers are reportedly being “uncharacteristically blunt” in sharing with customers the impact new U.S. tariffs are having on the prices of their products. This marks a change from retailers’...
