Consumers Pull Back News Today

2024 is the year consumers get choosy and budgets get tighter. New PYMTNS Intelligence shows why retailers should use data wisely to personalize their offers.

Consumer spending is expected to tick higher for the fourth straight month, while Home Depot sales fall as consumers pull back on big-ticket items. Here’s what investors need to know today.

Washington, DC, March 3, 2023—"Consumers pulled back on purchases of apparel and electronics in recent months while continuing to spend on groceries and other necessities, according to some of the largest U.S. retailers,” reports the Wall Street Journal.