Browsing: Consumer Spending
Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged…
‘Consumers are more powerful than President Biden’: The war on greedflation is being won one private-label brand at a time
Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed…
Walmart ended its fiscal year with strong sales numbers but joined a chorus of large direct-to-consumer businesses in warning that…
CEO of a $19 billion UK bank with business in Hong Kong since the Victorian age sees a ‘lack of confidence’ unraveling China’s economy
China’s struggling economy is down to a crisis of confidence. Take it from the head of Standard Chartered, the $19…
Hermès looks to raise prices as wealthy shoppers continue splurging on Birkin and Kelly bags, driving sales up 21% last year
It’s been tricky to get a read on how luxury spenders have been thinking lately—sales slowed for the likes of…
Taylor Swift is nearly as big a deal (economically) to your city as hosting the Super Bowl, BofA says
It’s not just a game: Super Bowl Sunday is an economic powerhouse that regularly generates over $1 billion in spending…
Gucci-owner Kering is buying up prime property in New York worth nearly $1 billion as luxury slowdown presses on
The luxury industry’s rocky road the last few months has prompted questions about the end of the “roaring 20s”—the period…
Cartier-owner Richemont’s earnings may show the bright spot that luxury companies have been waiting for—demand from Chinese shoppers
Much of the luxury industry has been starved for good news that could bring it a glimmer of hope about…
No restaurants, clearance sales, or even groceries—No Spend January is the hot new trend that saves thousands for some
Just as some people choose to avoid alcohol at the start of the new year, a growing number are looking…
The dark side of the Starbucks app: Coffee giant accused of rigging payments to the tune of nearly $900 million over 5 years
A consumer action group is accusing Starbucks of exploiting customers via its gift card and app payments, forcing them to…












