Consumer Spending: latest news, insights and analysis | ESM Magazine

Target To Hire 100,000 Workers, Offer Huge Discounts For Holiday Season

Target plans to hire nearly 100,000 employees for the holiday season and offer deep discounts starting October, as the US retailer braces for the competiti...

UK Consumers 'Very Thoughtful' On Big Ticket Spending, Asda Chair Says

People in the UK are thinking very hard about spending on so-called big ticket items, the chairman of supermarket Asda has said.

Dollar Tree Forecasts Tepid Annual Profit On Costs, Pivot To Spending On Essentials

Dollar Tree forecast annual profit largely below estimates, owing to higher costs and a shift in spending towards lower-margin consumables.

Irish Grocery Sales Up 6.8% In Latest Four Weeks: Kantar

Ireland saw a 6.8% increase in take-home grocery sales in the four weeks to 6 August, with the average price per pack up 8.8%, according to the latest data...

Target Cuts Annual Forecasts As Americans Hold Back On Non-Essential Spending

Target has lowered its full-year sales and profit expectations and forecast a dour third quarter, in another sign that Americans, squeezed by inflation, ar...

Target Set To Post First Quarterly Revenue Drop In Six Years As Consumers Cut Spending

Target Corp is expected to post its first quarterly drop in revenue in about six years when it reports results as the big-box retailer reels from a shift i...

Walgreens Cuts Profit Forecast On Lower COVID-19 Vaccine Demand

Walgreens Boots Alliance (WBA) has cut its fiscal year profit forecast on lower demand for COVID-19 tests and vaccines and lower consumer spending, sending...

South Africa's Tiger Brands Says Power Cuts Set To Squeeze Income

South Africa's biggest food producer Tiger Brands said its annual income might drop as it expected a significant rise in costs because of increased power c...