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Tag: spending

Customer Growth Partners: Back-to-school spending to rise 3.7%, driven by online

E-commerce spending will fuel a solid back-to-school season for retailers even as most physical stores see declines.  That’s according to Customer Growth Partners’ 18th annual Back-To-School forecast, which predicted that sales will rise 3.7% year-over-year for the July -thought September period to $647 bllion. The 3.7% increase is slightly below the 10-year average back-to-school growth of …

Customer Growth Partners: Back-to-school spending to rise 3.7%, driven by onlineRead More

This chart shows link between restaurant spending and new virus cases

Higher restaurant spending appears to be linked to a faster spread of the coronavirus, according to a JPMorgan study. Analyst Jesse Edgerton analyzed data from 30 million Chase credit and debit cardholders and from Johns Hopkins University’s case tracker. He found that increased restaurant spending in a state predicted a rise in new infections there three …

This chart shows link between restaurant spending and new virus casesRead More

Teen spending takes a dive as coronavirus fuels economic fears

Shoppers look over merchandise at an American Eagle Outfitters Inc. store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Today’s teens are worried about the economy and the coronavirus pandemic, just like many of the rest of us. Though the sustainability-minded generation still puts the environment first among their top concerns, …

Teen spending takes a dive as coronavirus fuels economic fearsRead More

As coronavirus weakens spending, e-commerce brands brace for a blow

Even the retail industry’s darlings could be in for a rude awakening as the coronavirus pandemic hits consumers, putting millions out of jobs and keeping many holed up at home. Start-ups such as Warby Parker, Allbirds, Glossier, Casper and Away have been shaking up product categories like glasses, shoes, cosmetics, mattresses and luggage. With private …

As coronavirus weakens spending, e-commerce brands brace for a blowRead More

Mother’s Day spending set to be down as a result of the coronavirus

Spending in the UK ahead of this Saturday’s Mother’s Day is likely to be significantly down as shoppers steer clear of stores in the current coronavirus pandemic, an analyst has warned.   Retailers with a weak online presence and who rely heavily on store sales will be the worst hit, as will restaurants and cafés …

Mother’s Day spending set to be down as a result of the coronavirusRead More

Millennials ‘worry,’ changing spending most amid coronavirus: study

A customer enters a CVS Health Corp. store with signs displaying “Sorry We Are Out Of Masks” in San Francisco, California, U.S., on Wednesday, Feb. 26, 2020. David Paul Morris | Bloomberg via Getty Images Millennials are being described as the “worry generation.” And with a new coronavirus spreading across the U.S. and globally, and …

Millennials ‘worry,’ changing spending most amid coronavirus: studyRead More

Asda’s Christmas sales slide as shoppers rein in spending | Business

Sales slipped at Asda in the final three months of last year after customers cut back on spending in the run-up to Christmas. The supermarket chain’s clothing line, George, was hit particularly hard. Its food business proved more resilient, with sales of its Extra Special range growing 5% year-on-year. However, this was not enough to …

Asda’s Christmas sales slide as shoppers rein in spending | BusinessRead More

Survey: Digital research drives strong millennial spending

Millennials are making more major purchases than any other group, but they are doing their research first. According to a new consumer survey from TD Bank, millennials made, on average, nearly four major purchases in the past year, while Gen X and baby boomers combined averaged just 2.8 major purchases during that time. Survey data also …

Survey: Digital research drives strong millennial spendingRead More

Survey: Digital research drives strong millennial spending

Millennials are making more major purchases than any other group, but they are doing their research first. According to a new consumer survey from TD Bank, millennials made, on average, nearly four major purchases in the past year, while Gen X and baby boomers combined averaged just 2.8 major purchases during that time. Survey data also …

Survey: Digital research drives strong millennial spendingRead More

Coke CEO James Quincey says consumer spending is ‘robust’

Coca-Cola CEO James Quincey said he is feeling confident about the state of the consumer in 2020, even as trade tensions and concerns about sluggish economic growth continue. “You walk around Davos and there are some sectors that are feeling the pressure coming out of 2019 and into 2020 — more on the manufacturing side, some …

Coke CEO James Quincey says consumer spending is ‘robust’Read More