Tag Archives: Recession

A Jolly Holiday For Retailers Previously Anticipating Q4 Recession

A Jolly Holiday For Retailers Previously Anticipating Q4 Recession by Corinne Casagrande , August 25, 2023 All summer, retailers have been wondering, will people have any money left after all the concert and plane tickets?  Consumers threw around cash in July everywhere as retail sales rose 0.7% (up 2% over last year).  Prime Day helped … Continue reading A Jolly Holiday For Retailers Previously Anticipating Q4 Recession

Despite layoffs and looming recession fears, millions of workers are still quitting their jobs

    By Sam Becker May 31, 2023 The economy simply won’t quit—even as 3.8 million workers voluntarily did in April. The latest Job Openings and Labor Turnover Survey (JOLTS) report was released by the Bureau of Labor Statistics on Wednesday, which showed that there were 10.1 million job openings last month, up from 9.7 … Continue reading Despite layoffs and looming recession fears, millions of workers are still quitting their jobs

Brands That Double Down On Data Will Win In (Impending) Recession

Brands That Double Down On Data Will Win In (Impending) Recession by Clint Tasset , January 16, 2023  By Marketing budgets will inevitably shrink in 2023 as CEOs take a more cautious approach to spending ahead of the recession they’re predicting. But despite having ample time to strategize (recession worries have circulated since at least … Continue reading Brands That Double Down On Data Will Win In (Impending) Recession

Black Friday sales soar, Cyber Monday could smash records as shoppers shake off recession fears

  By Sam Becker November 29, 2022 Update Tuesday, 9:50 a.m. ET: Cyber Monday smashed records this year, with consumers spending a total of $11.3 billion for the biggest online shopping day of all time, representing a 5.8% growth from last year. In the peak hour of 11 p.m. to 12 a.m. ET, consumers spent … Continue reading Black Friday sales soar, Cyber Monday could smash records as shoppers shake off recession fears

The recession is squeezing Gen Z more than other generations: Nearly 75% can’t pay their bills on time

  By Sam Becker November 15, 2022   Though the latest CPI numbers showed promise in the Fed’s battle against inflation—prices rose 7.7% year-over-year during October, a drop compared to previous months—it may not be of much comfort to the millions of Americans struggling to contend with escalating costs. That may be particularly true for … Continue reading The recession is squeezing Gen Z more than other generations: Nearly 75% can’t pay their bills on time

Rumors of pre-Black Friday layoffs at Amazon look like a clear recession signal

  By Clint Rainey November 14, 2022   First Meta, Stripe, Snap, and Twitter. Now Amazon: A round of mass layoffs is coming for the e-commerce juggernaut. According to reports on Monday, Amazon is preparing to lay off as many as 10,000 employees, marking its largest-ever round of job cuts, though only about 1% of … Continue reading Rumors of pre-Black Friday layoffs at Amazon look like a clear recession signal