Tag
Retailers like Walmart and Best Buy are cutting staff as consumers pull back on discretionary spending.
Consumers haven’t seen much reason to hold back.
Viral terms like “bank run” do not help when we’re already looking at high prices, rising interest rates and big layoffs in tech.
With thousands of items and products to choose from, consumers need to protect themselves from making the wrong purchase.
We spent despite being whipsawed by economic news. Raises and slowing inflation helped.
Higher interest rates and inflation still spark anxiety. But wages have grown, and some have a greater feeling of financial security.
A new report from the JPMorgan Chase Institute finds retail has followed consumers to where many more now work and live.
The University of Michigan’s sentiment survey rose 9% in January, though it’s still near decade-lows.
Part of the reason: Social media platforms like TikTok are changing the way we shop online.
Shrinkflation means getting less product for the same price, and it’s not going away anytime soon.