Tags » Consumer Spending

Canadian retail sales cool in June as interest rate hike still expected

By David Ljunggren

OTTAWA — Canadian retail sales cooled in June after three consecutive months of solid growth, but analysts said the economy’s overall tone was still strong enough to warrant another interest rate hike this year. 249 more words

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Retail Sales Back, But Not Consumers

The Mortgage Corner

It turns out consumers decided to shop again in July, as retail sales surged in all categories. This includes online sales these days, as retailers adapt to the new reality that one large store size doesn’t fit all. 547 more words

Weekly Financial News

Bricks and mortar retailers are using AI and cameras to monitor shoppers in the hope that this drives higher sales.

All they have to do is get around the privacy issues to make this more mainstream. 609 more words

Retail

Uber's disruption of the taxi cab industry

Taxicab medallion prices have been falling due to the rise of the ride sharing economy.

Consumer Spending

Consumers are increasingly avoiding lunch.

https://www.wsj.com/articles/going-out-for-lunch-is-a-dying-tradition-1496155377

Going Out for Lunch Is a Dying Tradition

Restaurants suffer as people eat at their desks; no more three-martini sit-down meals… 59 more words

Consumer Spending

Further reasons behind the decline of bricks and mortar retail.

  1. Online sales are just 8.5% of retail sales
  2. A consumer preference shift to smart phones…
  3. 904 more words
Retail

US economy expanded at stronger 2.6 percent rate in Q2

WASHINGTON (AP) — The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. But the growth spurt still fell short of the optimistic goals… 768 more words

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