New research from Bank of America (BofA) shows consumer spending slowing for all income levels. That data, released by the Bank of America Institute on Friday (May 9), shows that consumer spending on inessentials has been declining since the year began. “The gradual easing in consumer...
While the narrative of Amazon’s ascendance in discretionary spending and Walmart’s grip on grocery sales dominates the retail conversation, a closer examination of the latest PYMNTS Intelligence report, “Tale of Two Shoppers: Amazon for Discretionary Spending, Walmart for Groceries and Basics,” reveals nuanced shifts in...
Consumers are still spending, but the pace — at least as detailed in the latest retail sales report from the Census Bureau for August — is slowing. And for the last full month of summer, perhaps to beat the heat, consumers stayed in and clicked...
Still feeling strain on their budgets from ongoing macroeconomic challenges, consumers are cutting out pricy nonessential purchases, according to Big Lots. On Thursday (June 6), the discount home goods retailer, which has more than 1,300 locations across the country, reported lower-than-expected first-quarter fiscal 2024 financial...
May 29, 2025
The intense rivalry between eCommerce titan Amazon and brick-and-mortar giant Walmart has long pitted the two companies against each other. Now, both retailers have a new challenge: Shoppers themselves. Recent earnings reports have delivered a warning shot for both industry heavyweights. After years of riding the tailwinds of a pandemic-induced shift to digital shopping, both […]
March 26, 2025
While the narrative of Amazon’s ascendance in discretionary spending and Walmart’s grip on grocery sales dominates the retail conversation, a closer examination of the latest PYMNTS Intelligence report, “Tale of...
September 17, 2024
Consumers are still spending, but the pace — at least as detailed in the latest retail sales report from the Census Bureau for August — is slowing. And for the...
April 17, 2024
Eight times each year the Fed publishes what’s known as the Beige Book — a qualitative take from each of the 12 federal bank districts. The assessments cover everything from...
May 11, 2025
New research from Bank of America (BofA) shows consumer spending slowing for all income levels. That data, released by the Bank of America Institute on Friday (May 9), shows that consumer spending on inessentials has been declining since the year began. “The gradual easing in consumer spending momentum is not just due to lower inflation — […]
May 30, 2024
Costco is weighing a raise in its membership fee, and plans to add new warehouses and expand partnerships amid rising sales, the retailer said Thursday (May 30) in its quarterly...
May 08, 2024
With revenues sliding, Qurate Retail is focused on women over 50 and their discretionary income. The parent company of QVC and HSN on Wednesday (May 8) released quarterly earnings showing its revenues declining 4% year over year,...
May 07, 2024
In a challenging market environment, Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is reportedly expecting lower than estimated quarterly revenue. The Dallas-based company has been grappling with weaker discretionary spending by users...