1. Department: Nonfood

Household debt report includes worrisome data

Written by Posted on Less than 0 min read

U.S. household debt rose by $394 billion in the fourth quarter of 2022, the largest quarterly increase in 20 years, according to data released by the Federal Reserve Bank of New York. Credit card debt had its biggest jump since figures began being tracked by the Fed in 1999. Loan delinquencies also picked up, leading economists to caution that bigger problems may lie ahead when student loan payments resume later this year.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Corporate Strategy

Costco CFO Set for Retirement, Hands Reins to Former Kroger Finance Chief

After a journey of nearly four decades, Costco’s longstanding CFO, Richard Galanti, is preparing to step back from his role. The torch is being passed on to Gary Millerchip, an experienced executive and former finance chief at Kroger. View Original Article Kroger Results & Investment Executives Editor's Choice Costco RetailWire Member since October 25, 2020 […]
< 1 min read
0
  1. Channel: Restaurants

Restaurants test subscription services

Large restaurant chains and neighborhood eateries are trying out subscription services in an effort to retain customers and secure a regular stream of revenues. Services frequently include free delivery and other perks. Subscribers to Panera’s program receive unlimited hot and cold drinks for $11.99 per month or $119.99 per year. Annual subscribers also get free […]
< 1 min read
0
  1. Media & Marketing

ByteDance preps new U.S. app launch despite TikTok ban talk

ByteDance, the parent company of TikTok, has begun trying to drum up interest in a new social media app focused on fashion, food and wellness. The new Lemon8 platform is trying to recruit creators before it officially rolls out in the U.S. later this year. ByteDance is under pressure to cut its alleged ties with […]
< 1 min read
0
  1. Department: Consumer Durables

Nike expects to win from Adidas/Ye snafu and sales of Jordan Retros

Nike is expected to grow its market share in 2023 with a boost from the Adidas/Ye split fallout and strong sales of its Jordan Retros. The sportswear giant is expected to report a 5.5 increase in revenues when it reports its third-quarter revenues. View Original Article Results & Investment Dept. Apparel RetailWire Member since October […]
< 1 min read
0
  1. Technology & Innovation

Apple’s Watch Ultra makes list of top 2022 tech gadgets

In naming the Apple Watch Ultra among the most notable tech debuts of the year, Engadget reviewer Cherlynn Low cites the product’s fine aesthetics, comfort and array of cool features, including “a depth gauge for divers, dual-frequency GPS for more-accurate distance tracking, an emergency siren and impressive four-day battery life.” View Original Article Technology & […]
< 1 min read
0
  1. Department: Consumer Durables

Warby Parker and Allbirds show progress

Warby Parker’s sales rose 12 percent year-over-year in the first quarter and the direct-to-consumer eyewear company cut its losses by $23 million to $11 million. Allbirds’s sales fell 13 percent, which was better than the 28 percent decline that was expected. View Original Article Warby Parker Consumers Dept. Apparel RetailWire Member since October 25, 2020 […]
< 1 min read
0
  1. Uncategorized

Cancer-Causing Chemical Can Form in Popular Acne Treatment Products

Benzene is a cancer-causing chemical that can form in acne treatment products. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business […]
< 1 min read
0
  1. Corporate Finance

Activist investor wants to oust Seven & i Holdings’ president

ValueAct Capital thinks it’s time for Ryuichi Isaka, president of Seven & i Holdings, to go. The activist investor has been pushing for a spinoff or sale of the 7-Eleven convenience store business to return greater value to shareholders. View Original Article 7-Eleven & Speedway Results & Investment RetailWire Member since October 25, 2020 Loading […]
< 1 min read
0
  1. Channel: Restaurants

McDonald’s Struggles With Changing Prices and Home-Cooked Meals

During a recent investor conference, McDonald’s CFO Ian Borden revealed a notable trend among lower-income Americans: a shift away from fast food in favor of home-cooked meals. View Original Article Restaurants Dept. Grocery Executives RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as […]
< 1 min read
0
  1. Channel: Grocery

Publix ending its GreenWise store experiment

Publix has confirmed that it will rebrand its eight GreenWise Market stores under its namesake banner. “Our customers’ shopping habits have reinforced that they enjoy the attributes of a Publix GreenWise Market location, but within their traditional Publix shopping setting,” said company spokesperson Hannah Herring. Publix will continue to sell private-label organic products under the… […]
< 1 min read
0
  1. Associates & Employees

Wholesale prices fell markedly in March

The annualized Producer Price Index fell to 2.7 percent in March from 4.6 percent, according to the Bureau of Labor Statistics. Economists were looking for the measure of wholesale prices to fall to three percent. View Original Article Associates RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion […]
< 1 min read
0
  1. Holiday & Events

Easter Sunday 2024: What Stores Are Open and Closed?

Easter Sunday 2024 is fast approaching, and if you’re eyeing some last-minute shopping, it’s crucial to know which stores are open and which ones are closed for the holiday. View Original Article Brick and Mortar Holiday & Events Predictions and Forecasts RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier […]
< 1 min read
0
  1. Department: Consumer Durables

Lululemon’s Founder Has Controversial Remarks About the Brand

Chip Wilson, the founder and former CEO of the fitness apparel company Lululemon, does not seem to agree with the company’s stance on diversity and inclusion. View Original Article Dept. Grocery Executives Health & Wellness Dept. Apparel Inclusivity RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, […]
< 1 min read
0
  1. Trends & External Forces

The annual inflation rate is coming down

The inflation rate for the 12 months through March was up 4.2 percent, down from 5.1 percent for the year ending in February, according to the Personal Consumption Expenditures index. View Original Article Consumers Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry […]
< 1 min read
0
  1. Uncategorized

Founder of Bob’s Red Mill Bob Moore Dies at 94

Bob Moore, who founded Bob’s Red Mill over 40 years ago with a focus on bringing wholesome foods to the masses, has died at 94. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 […]
< 1 min read
0
  1. Trends & External Forces

Retail sales increased in April

U.S. retail sales in April grew 0.4 percent, according to the Commerce Department. Sales for March were revised downward to 0.7 percent from 0.6 percent. The growth in retail sales and jobs in April suggested that the underlining economy remains strong. View Original Article Economy RetailWire Member since October 25, 2020 Loading + Follow Following […]
< 1 min read
0
  1. Media & Marketing

Phony websites scam DTC brand and retail customers

Phony websites mimicking existing digital storefronts use the offer of big discounts to lure in unsuspecting customers who place orders and, in the process, give thieves access to their personal financial information. View Original Article Results & Investment Marketing: Trade Pricing & Promotions RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is […]
< 1 min read
0
  1. Associates & Employees

Ben & Jerry’s workers to vote on union

Workers at Ben & Jerry’s flagship store in Burlington, VT, will vote on whether to join a union. Some see the vote as putting the ice cream brand’s values to the test. Workers, according to organizers, decided to pursue union representation when management took away a tip jar on the company’s annual Free Cone Day […]
< 1 min read
0
  1. Associates & Employees

Workers petition Disney CEO to drop four-day in-office plan

More than 2,300 Disney employees have signed a petition calling on CEO Bob Iger to reconsider his mandate that workers return to their offices four days a week beginning in March. Employees opposed to the new rule say it will result in “forced resignations among some of our most hard-to-replace talent and vulnerable communities” while […]
< 1 min read
0
  1. CPG: Adult Beverage

Molson Coors Workers in Fort Worth Walk Out

In Fort Worth, Texas, workers at the Molson Coors brewery have commenced a strike. These employees, represented by Teamsters Local 997, began picketing outside the brewery over the weekend. The bone of contention? A new three-year contract for the 420 workers involved in the production, packaging, and warehousing of the company’s beverages. View Original Article […]
< 1 min read
0
Next