consumer spending
Stories tagged consumer spending.
Myer shares plunge 12% after retailer flags sharp consumer spending slowdown
Australian department store operator Myer reported a steep decline in consumer demand during June and July, sending its shares down more than 10% on Monday.
Temporary gains mask weak Thai retail demand in Q2 2026
Thailand's retail sector failed to show a broad-based consumption recovery in the second quarter of 2026, with recent gains driven by pull-forward demand and base effects rather than stronger underlying spending, according to CGS International.
Fashion and beauty sales lifted as Britons prioritise summer holidays, KPMG survey finds
Despite gloomy economic conditions, UK consumers are spending on clothing, shoes and beauty products in preparation for summer trips, according to a KPMG survey.
China’s Stock Market Mirrors Uneven Economy as Tech Surges and Consumer Shares Slump
China’s US$16 trillion stock market reflects the widening gap between a booming technology sector and weak consumer spending, with AI chipmakers leading gains while consumer stocks lag.
Australian retail spending rises 5.8% in May, all categories grow
Australian retail sales reached $39.67 billion in May, up 5.8% year-on-year, with all categories and states posting growth despite cost-of-living pressures.
Rewarded First-Time Shoppers 18% More Likely to Repurchase, Study Finds
New research from Bain & Company and Fetch Rewards shows that consumers who use a reward on their first purchase are 18% more likely to buy again within two quarters, and spend 28.4% more than those who don't.
Edrington reports decline in sales and profit amid luxury spirits slowdown
UK spirits group Edrington saw core revenue fall 3% and pre-tax profit drop 23% for the year ended 31 March 2026, as consumer spending pressure weighed on ultra-premium and prestige categories.
U.S. Shoppers Spend $26.4 Billion in Amazon Prime Day Deal Frenzy
U.S. online shoppers spent over $26.4 billion during Amazon's Prime Day event, hunting for discounts on electronics, appliances, children's items, and everyday essentials as consumers grapple with tighter budgets.
Amazon Prime Day to test US consumer spending power as focus turns to essentials
Amazon's Prime Day sales event, starting Tuesday, will gauge U.S. shoppers' financial strain as promotions shift toward basic necessities rather than discretionary splurges.
China Retail Sales Fall for First Time Since 2022
Retail sales of consumer goods in China dropped 0.6% year-over-year in May, the first decline since December 2022, as weak domestic demand weighed on the world's second-largest economy.
China's '618' Shopping Festival Shows Signs of Waning Excitement as Consumers Tighten Spending
The annual '618' e-commerce bonanza, a key barometer of China's retail health, appears less vibrant this year as cautious consumer behavior amid the economic slowdown leads to noticeably smaller package piles at delivery stations.