In a recent call to action, President Joe Biden urged grocery chains that have been experiencing record profits to lower their prices, providing much-needed relief to consumers. The White House has praised those companies that have already…
This economy is taking baby steps, slowing down enough for inflation to hit the Fed’s target. That slowing down depends a lot on what the American consumer decides to do, since, as we point out at Marketplace all the time, the American…
Consumers expect fashion retailers to meet their preferences as they evolve, Gap noted on its latest earnings call, with the rise of eCommerce speeding up the trend cycle and demanding that brands become more agile. On a call with analysts…
Gap profits were 9 times higher and Foot Locker beat estimates — unlikely winners in Q1 retail earnings. But, this says more about the companies than consumers.
Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because they’re executing well and cash-strapped shoppers are choosing them over competitors.
Following introduction into the UK Parliament in 2023, the long-awaited Digital Markets, Competition and Consumers Act (DMCC) received Royal Assent on 24 May 2024. The legislation passed as part of the parliamentary ‘wash-up’ period…
Inflation, high interest rates, and the exhaustion of excess household savings may finally be taking their toll on the economy. Consumer spending rose a modest 0.2 percent in April, the smallest increase in three months, data from the…
At a time power distributors are still finding it tough to meter consumers in their various franchise areas, over-billing of end-users has become another nightmare; KEHINDE OSASONA in this piece …
Inflation’s heady pace may have slowed a bit, but one wonders if a slight decline in food prices will be enough to make the paycheck-to-paycheck consumer feel more financially comfortable. As reported by the Bureau of Economic Analysis,…
The biggest jumps occurred in Texas, Arizona, and Utah, which were among 25 states in total that posted double-digit surges last year. In some places, including Florida, rates are up more than 40% over the past five years.