Consumer Spending

Alibaba Quarterly Revenue Misses Expectations As Spending Slows

Chinese e-commerce giant Alibaba Group Holding Ltd has posted a smaller-than-expected rise in quarterly revenue as COVID-19 curbs and a worsening economic...

Target Posts Decline In Profit, Warns Of Grim Holiday Season Sales

Target Corp forecast a surprise drop in holiday-quarter sales, blaming surging inflation and "dramatic changes" in consumer spending for a drop i...

UK Consumers Slash Spending On Less Urgent Items: ONS

British consumer spending on non-urgent items - such as clothing, furniture and cars - fell last week to its lowest since February as spending on...

IMF Cuts U.S. Growth Forecast As Consumer Spending Cools

The International Monetary Fund has warned that avoiding recession in the United States will be "increasingly challenging" as it again cut its 20...

Euro Zone Consumers Cut Food Spending As Inflation Bites: Eurostat

Euro zone consumers cut spending on food, drinks and tobacco for the second straight month in May amid a spike of prices, according to latest est...

UK Retailers Report Falling Sales, More Weakness Ahead: CBI

British retailers reported a year-on-year fall in sales in June and expect sales next month to be well below normal for the time of year as the surging cos...

French Consumer Spending Drops Amid Record High Inflation

France's economic growth unexpectedly flatlined in the first quarter as consumer spending dropped in the face of record...

UK Retailers See Sales Slow As Cost Pressures Rise: BRC

British retailers reported weaker annual sales growth last month, reflecting growing pressure on consumer spending as well as seasonal factors around the t...