article thumbnail

Consumer Credit Update for 2Q 2023

South State Correspondent

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. This data is consistent across regions.

Trends 195
article thumbnail

Wegmans To Open In Brooklyn; Whole Foods Brings Eateries To 500th Store

PYMNTS

The 74,000 square-foot space, which is scheduled to open in the fall, will feature a second-floor mezzanine complete with almost 100 seats for a market café. Even so, the report notes, “The move will be a big test of whether Wegmans can duplicate the phenomenal success it’s had in smaller locales in the crowded New York market.”

New York 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

There appears to be strong demand for such services, too, with the global open banking market projected to increase in value at a compound annual growth rate (CAGR) of 24.4 percent between 2019 and 2026, hitting $43.2

Security 151
article thumbnail

Are Private Labels The Key To Cracking The Profitability Indian eCommerce?

PYMNTS

According to Morgan Stanley – India’s eCommerce market will be worth $200 billion by 2026 and see participation from 50 percent of India’s internet user base. Walmart, could also be an opportunity to see Indian private label goods expand into global markets. Great Expectations And Big Buy-Ins.

Branding 101
article thumbnail

Amazon Vs. Alibaba: How The E-Commerce Giants Stack Up In The Fight To Go Global

CB Insights

in market cap. Alibaba is expanding its logistics network around the world and piecing together subsidiaries to connect the world’s e-commerce markets. Both companies can afford to spend aggressively on expansion as their stocks have soared — market caps sit at $720B for Amazon and $483B for Alibaba.