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Consumer sentiment tumbled in early August, according to the University of Michigan survey. July retail sales were down more than half a percent from June, and AAA reports the nationwide average gas price neared a record high for August.
Grocery spending is down on average about 2%. Stores have very low profit margins, so they're selling data and advertising to fill the gap.
The USDA granted more than 20 states waivers to impose new restrictions on what kinds of foods people can purchase using their benefits.
Quarterly reports from Best Buy, Target, Costco, Kroger, and others will provide a glimpse into consumer spending.
More retail sites are integrating AI into the online shopping experience.
TJX, the parent company of T.J. Maxx, Marshalls and HomeGoods, reported strong third quarter earnings and raised its profit forecast for months ahead.
Snail mail stands out when consumers are overwhelmed by digital ads.
Paid and free users of ChatGPT can hit the buy button for single Etsy or Shopify purchases without navigating out of the chat.
There is a lot of uncertainty about the economy right now.
Some international carriers are suspending U.S. shipments altogether until it’s clear how the new system works.
