PURCHASE, N.Y. — U.S. retail sales excluding automotive and gas rose 9.0% year-over-year in July, according to Mastercard SpendingPulse, which said rising prices—particularly for necessities such as food and fuel—were a contributing factor. Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, reflects nominal spending and is not adjusted for
PORT WASHINGTON, N.Y. — A recent NPD survey has found that 83% of U.S consumers are planning to make changes to reduce their spending in the next three to six months. And consumer demand has already become less predictable than it had been during the first two years of the pandemic, according to NPD data,
PURCHASE, N.Y.– The back-to-school season will be defined by the resilience and flexibility of the consumer, who in the face of rising prices is expected to keep spending in the months ahead, according to MasterCard SpendingPulse, a measure of retail sales across all forms of payment, not adjusted for inflation. U.S. retail sales (in-store and
WASHINGTON – Despite signs that reopening businesses have begun to lift the economy, National Retail Federation chief economist Jack Kleinhenz said Monday that conflicting data makes it difficult to say how steady the comeback will be. “Optimism about the economy and retail spending is being tested daily with the spread of the coronavirus,” Kleinhenz said.
PORT WASHINGTON, N.Y.– As consumers settled into their sheltering at home routines, spending improved for the fourth straight week, up 7% compared to the prior week, reports the NPD Group. Retail spending also showed flat year-over-year performance during the week ending April 25, 2020 — the first time sales didn’t decline since early March. As
NEW YORK — Consumer spending, the engine that drives about 70% of the U.S. economy, is poised for significant changes as the population ages, according to The Conference Board. The nonprofit membership organization is forecasting big increases in health care and retirement spending over the next decade, as well as a notable decline in Americans’