Consumer Spending
Albertsons Suspends 2026 Financial Forecast as US Grocery Competition Intensifies
US supermarket chain Albertsons has withdrawn its financial forecast for fiscal 2026 as it undertakes a comprehensive review of its business strategy, cost...
US Wealth Rises $26 Trillion as Inflation and Housing Costs Strain Households
The wealth of American households has increased by about $26 trillion since the end of former President Joe Biden’s administration, but persistent inflation,...
Tesco Raises Profit Forecast as UK Consumers Show Resilience
Tesco has raised its full-year profit forecast after reporting stronger-than-expected results for the first half of its financial year, with the UK’s biggest...
McCormick Exceeds Quarterly Sales Forecasts as Consumers Maintain Demand for Seasonings
McCormick & Company has exceeded Wall Street expectations for third-quarter sales, supported by steady demand for seasonings and sauces despite pressure on household...
Next Raises Profit Forecast Again After Strong Summer Sales
By Benson Daniel British fashion and homeware retailer Next has raised its full-year profit forecast for the fourth time this year after warmer-than-expected...
South African Retail Sales Accelerate 3.4% in July as Consumer Demand Strengthens
By Benson Daniel South Africa’s retail sector recorded stronger growth in July, with retail sales rising 3.4% compared with the same month last...
Canada Retail Sales Rise 0.6% in June, Beating Expectations
Canada's retail sales rose 0.6% in June, beating economists' expectations, as consumers increased spending at clothing, general merchandise and motor vehicle stores, according...
U.S. Shoppers Tighten Budgets as Middle Class Cuts Back but Affluent Consumers Keep Spending
American consumers are becoming increasingly cautious with their spending, with middle class and lower income households prioritising essentials and delaying major purchases, while...
