It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
Tag: Consumers
Consumers turn to credit cards, personal loans to get by during inflation: data
People are resorting to credit cards and unsecured personal loans to cope with the bite of high inflation, new data shows — all while borrowing costs rise and the U.S. Read more
LL Flooring stock slides 7% after company swings to Q3 loss as consumers rein in spending
Shares of LL Flooring Inc. LL, -4.73% slid 7% Wednesday, after the company posted weaker-than-expected third-quarter earnings as lower spending by inflation-conscious customers weighed. Richmond, Va.-based LL Flooring, formerly called Read more
Kroger and Albertsons say their merger will help lower prices for struggling consumers. Not everyone is convinced.
The roughly $25 billion planned merger of Kroger and Albertsons, unveiled in October with much fanfare, promised a new entity that would “serve America with fresh, affordable food.” The deal Read more
U.K. retailers group calls for business rates freeze to support investment, protect consumers
The U.K. government should freeze business rates to support investment and help keep prices low for consumers, the British Retail Consortium has said ahead of a planned 800 million-pound ($930.2 Read more
What bank earnings tell us about how consumers are doing with high inflation, recession worries — ‘It’s not a crack in current numbers’
For all the worries about inflation’s pinch and the chance of a recession, just-released earnings reports from big banks indicate the wallets of many regular Americans are generally holding up Read more
Flat retail sales are just the beginning. Consumers are increasingly worried about rising prices, a looming recession, and uncertainty about what’s next.
The American consumer would like to know what’s next. Sales at retailers fell flat in September, the government said Friday, another sign that the economy is likely to slow in Read more
As food prices rise, this mother must pick between her energy bill or groceries
Tramena ONeil, 50, is making changes to her food budget to accommodate the rise in food prices. The mother of five works as a part-time parent outreach coordinator for Southeast Read more
Amazon’s second ‘Prime Day’ of 2022: When it starts, the best deals and as more consumers pull back on online shopping, here are the biggest discounts this holiday season — and exactly when to buy them
Hi, MarketWatchers. Don’t miss these top stories. Amazon’s second ‘Prime Day’ of 2022: When it starts, the best deals and more Here’s what you need to know about Amazon’s Early Read more
Consumers pull back on online shopping. Here are the biggest discounts this holiday season — and exactly when to buy them.
American consumers are tightening their purse strings this holiday season. Online holiday sales are expected to rise by just 2.5% to $209.7 billion this year, the slowest rate of growth Read more