Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Online spending in the U.S. surged by 6.1% to reach $12.7 billion during Amazon’s Prime Day promotion, as consumers eagerly took advantage of discounted home goods and …
The recent decision by the U.S. Supreme Court to strike down student debt forgiveness has not only reintroduced a significant expense into the budgets of millions of Americans, but it has also posed a new challenge for retailers trying to anticipate consumer spending patterns. The court’s ruling has halted President Joe Biden’s plan to forgive …
The Inform Consumers Act, a new legislation aimed at addressing organized retail theft and the sale of counterfeit and harmful products on online platforms, is set to take effect. The law requires online marketplaces like Amazon and eBay to verify and share information on high-volume third-party sellers in order to discourage the sale of stolen …
Amazon has announced that its annual Prime Day mega sale will take place on July 11 and 12. This year, they are introducing invite-only deals for members of their Prime subscription club. These exclusive discounts will be available for items that tend to sell out quickly. Additionally, Amazon’s Buy with Prime program will enable third-party …
Nearly all Americans are reducing their spending in some way, according to a recent survey conducted by CNBC and Morning Consult. The survey reveals that 92% of Americans are cutting back on their expenses, providing further evidence of cautious consumer behavior during the first quarter. Retailers like Walmart, Target, Home Depot, and Best Buy have …