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Financial pressures may be a fact of life nowadays, but there’s no indication they’ll be putting consumers off shopping this holiday season. Quite the opposite. Compared to this time last year, a large majority of consumers plan to spend the same or more shopping for gifts, according to Accenture’s Annual Holiday Shopping Survey. That’s the … Read more
During the height of the pandemic, a unique kind of online shopping became one of the hottest trends in China’s tech industry. Called “community group buying,” it allowed consumers to save money on everything from apples to iPhones by placing bulk orders together with their friends and family. The model, which was kind of like … Read more
CBS says its decision to end Stephen Colbert’s late-night comedy show is financial, not political. Yet even with the ample skepticism about that explanation, there’s no denying the economics were not working in Colbert’s favor. The network’s bombshell announcement late Thursday that the “Late Show” will end next May takes away President Donald Trump’s most prominent TV … Read more
Target saw foot traffic fall for the eighth consecutive week, extending a losing streak that began just a few days after the company announced it would end its diversity, equity, and inclusion (DEI) program in late January. For the week that began March 17, foot traffic fell 5.7% YoY for Target, according to data from Placer.ai. That’s … Read more
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