Category: Consumer Behavior

Crafts Retailer Joann Files for Bankruptcy

After pandemic-era boom in sales, Joann has been dealing with a pullback in consumer spending on at-home projects. The retailer will become a private company owned by a group of its creditors.
Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies

LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars, including when they sped, braked too hard or accelerated rapidly.
Strategic Financial Solutions, Facing Fraud Charges, Is Blocked From Operating

Strategic Financial Solutions is accused of fraud in a lawsuit by federal and state prosecutors.
Brighter Economic Mood Isn’t Translating Into Support for Biden

Voters feel slightly better about the economy as inflation recedes, but partisan divides remain deep, a Times/Siena poll found.
A Key Inflation Measure Moderated in January

The Federal Reserve’s preferred inflation measure continued to cool on an annual basis, even as a key monthly gauge nudged higher.
Levi’s Wants You to Rethink Your Denim Shopping

Under a new chief executive, the brand known for jeans is aiming to be a full outfitter, working primarily through its own stores and e-commerce.
Will Food Prices Stop Rising Quickly? Many Companies Say Yes.

Food companies are talking about smaller price increases this year, good news for grocery shoppers, restaurant diners and the White House.
Walmart Reports Rising Holiday Sales as Shoppers Seek Value

The number of transactions at the retail giant rose 4.3 percent but the average ticket price decreased by 0.3 percent, a sign that shoppers spent a little less during shopping trips.
He Grew Up in the Shadow of the ‘Wolf of Wall Street.’ Then He Got Into Debt Settlement.

Ryan Sasson built a business that reaped hundreds of millions of dollars in fees for helping people negotiate down their debts. But former clients — and prosecutors — say it was exploitative.
Economists Expected a Hiring Slowdown. So Much for That.

Jobs and wage gains remain robust despite the Federal Reserve’s campaign to cool the economy, surprising policymakers and economic forecasters.
Biden Takes Aim at Grocery Chains Over Food Prices

President Biden has begun to accuse stores of overcharging shoppers, as food costs remain a burden for consumers and a political problem for the president.
Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says

The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.