ConsumerSpending

Cyber Monday 2024: A Record-Breaking $13.5 Billion Spending Surge Surpasses Expectations

20 days ago

Cyber Monday 2024 has once again proven to be a shopping extravaganza, with consumers splurging an astonishing $13.5 billion. This figure not only highlights the increasing trend towards online shopping but also shatters initial predictions, demonstrating the resilience and adaptability of retailers in the face of an ever-evolving consumer landscape.

Affirm's CEO Project Optimism on Credit Quality as Holiday Season Approaches

1 month ago

As the holiday shopping season draws nearer, Affirm's Chief Executive Officer Max Levchin has expressed a confident outlook regarding the quality of consumer credit. In a recent conversation, Levchin emphasized that customer payment behaviors have shown promising trends, positioning the company favorably in the competitive landscape of buy now, pay later (BNPL) services.

Consumers Tighten Their Belts: Southeast Asia's Digital Economy Slows Amid Spending Cuts

2 months ago

Southeast Asia's digital economy has entered a phase of notable deceleration, primarily driven by a shift in consumer spending habits. As households navigate the ongoing economic climate, many are finding themselves scaling back on digital services and e-commerce purchases, a trend that industry analysts warn could have broader implications for the region's economic growth.

MercadoLibre Achieves Record Sales in Argentina Amidst Economic Recovery

2 months ago

MercadoLibre Inc., the leading e-commerce platform in Latin America, reported unprecedented sales figures for the third quarter in Argentina, showcasing a significant rebound in consumer spending. This surge in sales can be attributed to a combination of factors, including a recovering economy and a shift in consumer behavior toward online shopping.