Issuers should keep an eye on rising delinquencies and charge-offs to understand how consumers are faring financially.
Over half of retailers plan to raise prices this year: But any additional profitability may be wiped out by declining consumption from cash-strapped shoppers.
Consumers around the globe are cutting back: Over half of global consumers are pulling back on discretionary spending, with 15% stopping non-essential spending altogether.
Consumers are trading down to private labels: Rising food prices have driven shoppers to look for less expensive alternatives. (This story was written with the assistance of GPT-3).
Walmart benefited from shoppers’ growing thriftiness: The retailer continues to gain market share in grocery, including among higher-income households.
Highlighting benefits to regional and community banks can help shore up relationships as fraud concerns mount.
Snapchat sees user bump amid economic headwinds: Company outlines the steps it’s taking to bolster direct-response ad performance.
The up-and-coming shopping app Temu made waves with its Super Bowl ad debut this year, airing its 30-second spot with a cheery “Shop Like a Billionaire” tagline several times on Fox during and after the broadcast of the big game. Here’s what you need to know.
Instagram is shutting down its livestream shopping business: The move is the latest sign of US shoppers' disinterest in livestream commerce.
There’s a notable shift in where consumers buy groceries online: Mass merchants are attracting more monthly active users while grocers see their numbers decline.
DoorDash has 50% more DashPass subscribers than it did a year ago: Growing that subscriber base should help it drive customer retention and boost basket sizes.
Black consumers prioritize brands that prioritize them: A new study highlights companies that resonate with a demographic group with growing purchasing power.
The bank wanted to introduce credit cards for its retail customers but gave up on the idea after shifting its strategy to weather economic headwinds.