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John David Rainey

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From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending

From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending U.S. consumers haven’t stopped spending since the Iran war drove up fuel prices - Bookmark U.S. consumers haven’t stopped spending money since the Iran war drove up fuel prices, but many shoppers are reassessing what they buy and where, according to company executives and retail analysts. The behavior changes observed so far are subtle, such as altered routines for buying gasoline and fewer visits to...

The Independent World 3d ago

Retail had a 'surprisingly robust' first quarter, but the real test is ahead as tax refunds dry up

The retail industry emerged from a choppy first quarter relatively unscathed, but higher than usual tax refunds and an uptick in buy now, pay later use likely helped to buoy spending. As Wall Street looks ahead to the second quarter, the period could offer a clearer view on consumer health and just how much high gas prices and persistent inflation have disrupted the economy and pressured already-strained household budgets. "Once you got through April and May, you're really not seeing the...

CNBC 9d ago

Walmart shareholders reject proposal to explain AI's impact on 1.6 million employees

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Times of India 5d ago