Department store chains have struggled as consumers, squeezed by budget constraints, spend less time and money at their stores.
Category: Consumer Behavior
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Retail Sales Were Up 1% in July, Easing Concerns About the Economy
Sales were up 1 percent in July from the previous month. The rise was slimmer when autos and gasoline were excluded, but market reaction was favorable.
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Walmart Sees Higher Sales From Picky Shoppers
The retail giant raised its forecasts as it attracted bargain-hunting shoppers strained by inflation, drawing in high-income households in particular.
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The Big Number: $8.4 Billion
Disney’s weaker-than-expected revenue at its theme park unit.
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To Avoid an Economic Recession, Consumer Spending Is Key
It has powered the economic recovery from the pandemic shock. Now wallets are thinner, and some businesses are feeling the difference.
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Stock Markets Signal Recession Fears. Here’s the Economic Outlook.
The economy has repeatedly defied predictions of a downturn since the pandemic recovery began. Now signs of strength contend with shakier readings.
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Japan Wanted Higher Inflation. It’s Here, and It Hurts.
Japan’s economy is faltering after a rise in prices led consumers to cut back on spending.
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Fed’s Preferred Inflation Number Cooled Overall in June
The Personal Consumption Expenditures Index climbed 2.5 percent, still more than the Fed’s 2 percent target, as price increases take time to come down.
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Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans
Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.
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U.S. Economy Grew Faster Than Expected in Second Quarter, at 2.8% Rate
The report on gross domestic product offered new evidence of the economy’s resilience in the face of high interest rates.
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China’s Economy Slows as Housing Troubles Squeeze Spending
After a strong start to the year, spending has weakened as a real estate downturn weighs on consumers and companies. Communist Party leaders are meeting this week to discuss what to do about it.