Consumers have adjusted their spending behavior in the face of inflation and economic uncertainty worldwide, according to business services firm PWC, with 53% of global consumers “holding back” on non-essential spending. At the same time, PWC, formerly...
Although it has stepped back a bit from private labels recently, Bed Bath & Beyond has announced that the company’s buybuy BABY banner has launched its first exclusive brand: Mighty Goods. At launch, the new brand encompasses an exclusive collection of baby and...
According to Adobe, online inflation ticked down in June to 0.3% on an annual basis and dropped 1% month-over-month even as grocery prices continue to increase. Consumers spent $74.1 billion online in June, up 1% year over year, Adobe reported. Consumers spent more...
According to Mastercard SpendingPulse, total March retail sales — including in-store and online numbers across all forms of payment but excluding auto — increased 8.4% year-over-year and 18% compared to pre-pandemic spending in 2019, not adjusted for inflation. The...
January was strong across the in-store and digital retail spectrum in the U.S., according to Mastercard SpendingPulse, which reported a 7.2% year-over-year retail sales gain for the month excluding auto sales. Despite Omicron and elevated inflation, pent-up savings,...
