Browsing: Consumer Spending
50 million people have stopped buying luxury brands like Dior and Burberry after ‘broken promises’ to customers
Nothing gold can stay. Despite years of strong performance, the market for personal luxury goods is set to slow down…
Each Cava location is worth a whopping $33 million. Its CEO explains how the Chipotle competitor is achieving explosive growth
The 52-year-old CEO and co-founder has watched Cava, the cult-classic Mediterranean fast-casual spot, skyrocket. Since its IPO last summer, the…
Red Lobster’s new CEO said the seafood chain’s endless shrimp offering caused an all-you-can-eat chaos
Red Lobster has had a fishy few months. In May, the seafood chain filed for bankruptcy after more than 50…
When Mykail James was 19 and working a holiday job at Victoria’s Secret, she took out a store credit card…
Boomers are subsidizing Gen Z and millennial spending habits, ‘Oracle of Wall Street’ says
Baby boomer parents are handing over money to their Gen Z and millennial children, allowing them to fuel strong consumer…
Affirm Holdings Inc. is seeing increased interest from retailers to subsidize US consumer borrowing ahead of the holiday season, as…
Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal…
Citi CFO predicts 20% rise in investment banking fees, says consumer spending is shifting
Credit losses are rising as US consumers shift spending to basic needs and away from purchases that aren’t vital, according…
Shoppers are so scarred by inflation they’ve cemented new habits to save money—and discount retailers are the big winners
Walmart and Target shoppers are no longer lingering between aisles, looking wistfully at a bag of chips before placing it…
Rich people are going to Walmart more—and they’re a key reason for the company’s recent success
Pinching pennies isn’t just for cash-strapped shoppers. More affluent consumers are looking to save money, and they’ve been a key…