Dollar General and Dollar Tree each reported gains in sales and store traffic on Thursday as higher gas prices forced shoppers to pare back.
Category: Consumer Behavior
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Dollar Tree and Dollar General Report Sales Gains as Shoppers Cut Costs
The New York Times – Business: -
Why Your Next Long-Haul Layover May Be in Seoul, Not Dubai
The New York Times – Travel:The Iran war has slashed transit traffic at Middle Eastern airports, creating opportunities for hubs in Asia and beyond — at least for now.
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‘Buy Now, Pay Later’ Lenders Pitch Loans for Needs Like Electricity and Rent
The New York Times – Business:The rapid growth of pay-later loans raises questions about whether their popularity is driven by consumer preference or desperation.
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July Retail Sales Notch Biggest Drop in Over a Year
The New York Times – Business:The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation
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Consumer Debt Data Shows ‘Overall’ Health Amid Persisting Divides
The New York Times – Business:Homeowners with low fixed-rate mortgages lead a resilient picture of the economy. But many consumers are frustrated with declining real wages and other loans.
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If You’re Struggling to Pay Day-to-Day Bills, There’s Help
The New York Times – Business:Nonprofit financial counselors say there has been a significant increase this year in the number of borrowers seeking their advice.
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Disney Theme Parks Report Strong Results, While Comcast’s Universal Parks Dip
The New York Times – Travel:Theme parks have long been seen as a bellwether for consumer confidence. Disney’s domestic parks and cruises revenue rose 11 percent in the latest quarter.
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McDonald’s U.S. Sales Slow as Consumers Spend More Cautiously
The New York Times – Business:The fast-food giant named a new president of its U.S. operations, aiming to bring “focus and urgency” to a revamp of its outlets.
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‘Hoodwill’ vs. Goodwill
The New York Times – Fashion & Style:A conflict between street vendors calling themselves Hoodwill and a Brooklyn Goodwill appears to question the intentions behind selling donated wares.
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U.S. Economy Grew More Slowly in the Second Quarter
The New York Times – Business:Gross domestic product expanded at a 1.5 percent annual rate over the past three months, as war in the Middle East shook energy prices and supply chains.
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China, Its Economy Stumbling, Signals Only Cautious Support
The New York Times – Business:The ruling Politburo called for “more proactive” tax and spending policies but did not endorse broad action to address weak consumer spending.