Consumer Spending

McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
July 29, 2024  |  Earnings

McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home. The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip...

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Consumer Spending Remains Strong Despite Elevated Inflation
Consumer Spending Remains Strong Despite Elevated Inflation
July 29, 2024  |  Consumer Finance

Consumer spending has remained strong despite elevated inflation, surprising many economists. However, there are concerns about credit card delinquencies and lenders’ net charge-offs, which could...

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Families May Travel More Often, but Spend Less Than Couples Without Kids
Families May Travel More Often, but Spend Less Than Couples Without Kids
July 29, 2024  |  Consumer Insights

Married couples without children are leading the way in travel spending, data show, and as others pull back their purchasing in the category, these dual-income-no-kids...

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Consumer Sentiment Shows Widening Gap Between Low- and High-Income Consumers
Consumer Sentiment Shows Widening Gap Between Low- and High-Income Consumers
July 26, 2024  |  Economy

The bifurcation in consumer spending — between higher-income and lower-income individuals and households — looks set to widen. And in the meantime, as detailed in...

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GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
July 25, 2024  |  Economy

The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace...

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Hasbro: Games Customers Are Aging Up and Becoming More Digital
Hasbro: Games Customers Are Aging Up and Becoming More Digital
July 25, 2024  |  Earnings

As toys and games retailers look to adapt to consumers’ evolving habits and preferences, Hasbro is seeing the industry transformed by more adult and more...

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Shop Talk: High-End Consumers Swap Fancy Threads for Fancy Sweets
Shop Talk: High-End Consumers Swap Fancy Threads for Fancy Sweets
July 24, 2024  |  Retail

As consumers cut back on many premium products in the face of ongoing economic challenges, luxury chocolate brand MarieBelle New York is benefitting from shoppers’...

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Coca-Cola’s Revenues Grow 15% Despite ‘Soft Spots’ Among Consumers
Coca-Cola’s Revenues Grow 15% Despite ‘Soft Spots’ Among Consumers
July 23, 2024  |  Earnings

Consumer caution does not seem to be hurting the Coca-Cola Company. The food and beverage giant released earnings Tuesday (July 23) showing its organic revenues growing 15%, with...

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Single Parents’ Retail Spending Plunges 35% in One Month
Single Parents’ Retail Spending Plunges 35% in One Month
July 23, 2024  |  Consumer Insights

Parents are spending less on retail purchases each month, as budget pressures demand cost-cutting measures. By the Numbers The recent PYMNTS Intelligence exclusive report “The...

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