Browsing: Consumer Spending
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…
Shoppers are reporting something unusual at the checkouts: their carts look less full, and the items aren’t of the same…
Gift cards make great stocking stuffers — just as long as you don’t stuff them in a drawer and forget about them…











