With its focus on discretionary products and middle-income consumers, Kohl’s has been hard hit by the current macroeconomic trends, the retailer said Thursday (Nov. 17) during its quarterly earnings call. “Persistently high inflation continues to dampen consumer spending and our business given our exposure to discretionary categories...
Data from the Pew Research Center shows that 52 percent of American adults live in “middle class” households, with the median income at $78,442 in 2016. According to Pew, the middle class is defined as adults whose annual household income is two-thirds to double the...
There’s no question that the world’s weather patterns are undergoing a massive change. In the last few months alone, we’ve seen snow in Rome and three powerful nor’easters in Boston in the space of two and a half weeks — with some forecasts predicting a fourth...
August 23, 2023
Consumers making between $50,000 and $100,000 may be caught in a middle-income “crunch” these days as inflation’s growth slows while still trending upwards, and real wages stagnate. While these issues plague all consumers, this demographic has the most consumers just making enough to get by while paying their bills, perhaps as a consequence of being stuck between […]
November 17, 2022
With its focus on discretionary products and middle-income consumers, Kohl’s has been hard hit by the current macroeconomic trends, the retailer said Thursday (Nov. 17) during its quarterly earnings call. “Persistently high inflation continues to dampen consumer spending and our business given our exposure to discretionary categories like apparel and home goods, which are facing disproportionate pressure,” […]
September 22, 2019
Data from the Pew Research Center shows that 52 percent of American adults live in “middle class” households, with the median income at $78,442 in 2016. According to Pew, the...
