Canadian Consumer Spending Decline
Canadian consumers seem to have tightened their wallets after a surge in retail purchases during the holiday season, highlighting the pressure on household budgets from high interest rates. Sales Decline…
The Impact of Funflation on Consumer Spending
CEO Corie Barry of Best Buy recently addressed the decline in the company's sales. According to Barry, consumers are shifting their spending towards experiences rather than purchasing new televisions or…
On Holding Sets Ambitious Targets for Revenue Growth
The specialist sneaker maker, On Holding (ticker: ONON), has unveiled its new three-year targets, signaling optimism in the face of challenges impacting consumer spending. As part of its first investor…
U.S. Economy Sees Stronger-Than-Expected Growth in Q2
The U.S. economy exceeded expectations in the second quarter, with a growth rate of 2.4%. This outperformed both the previous quarter's growth of 2% and the consensus forecast of 1.5%.…
Retail Sales Reflect Shifting Consumer Habits in the US Economy
Introduction The latest numbers on retail sales in the United States indicate a modest increase of 0.2% in June. This growth signifies a changing trend in consumer spending patterns and…