Saks: Higher-income shoppers continue to spend; spending focus shiftsHigher-income or “luxury” shoppers are still willing to spend money and are widening the product categories they shop. Prime Day 2022 breaks records with $11.9 billion in salesEarly results from the 2022 edition of Amazon Prime Day indicate that consumers were spending more on a larger number of products than ever before. Deloitte: Back-to-school spending to hit new high as prices rise; stores to rebound Despite rising inflation and other financial concerns, back-to-school seasonal spending to reach an all-time high. Survey: Middle-income consumers spending less amid recession concerns Rising inflation and interest rates are causing many consumers to take proactive steps to secure their finances. NRF repeats call to repeal China tariffs to ease inflation In the face of record inflation, the National Retail Federation continues to urge the Biden administration to eliminate the Trump-era tariffs on goods from China. Grocery inflation sets new record in June Soaring grocery prices are having an impact on consumer optimism. Online prices continue slow growth trend Online inflation increased for the 25th straight month in June, but is trending in a positive direction. FTI Consulting: U.S. online retail sales to top $1 trillion in 2022 U.S. e-commerce sales will pass an important milestone this year —thanks to the pandemic. Walmart upgrades Mexico digital payment app Walmart is expanding the app-based services it offers unbanked consumers in Mexico. Elon Musk backs out of $44 billion Twitter deal Twitter says it will go to court after the world’s wealthiest person announced he is terminating a planned $44 billion acquisition. First Previous 128 129 130 131 132 Next Last
