article thumbnail

JPMC Data: Economy Looks To Be Stalled

PYMNTS

The numbers include a rise in spending at supermarkets and wholesale retailers, while other places like restaurants, gas stations and hotels had sharp declines, according to CNBC. Age was also a factor, with millennial and Generation Z consumer spending down 4 percent and baby boomer spending down as much as 18 percent.

St. Louis 146
article thumbnail

How Summersalt Is Refitting Swimwear With Data

PYMNTS

But for the Summersalt team headquartered in St. Louis, every season is swimsuit season, because that is the direct-to consumer eCommerce startup’s specialty. It’s a unique time in retail; women prefer experiences over things,” Coulter said. “We We really see this as the next frontier in retail.

Data 156
Insiders

Sign Up for our Newsletter

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

article thumbnail

Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

Brick-and-mortar retail will forever remember the day that Nintendo released Pokémon GO , a mobile game that has caused millions of millennials to suddenly discover outside again. Louis Business Journal is reporting that Missouri-based hockey equipment supply chain Total Hockey has filed for bankruptcy as of Wednesday (July 6).

article thumbnail

The $70K Dent The Financial Crisis Put In The US Consumer’s Pocketbook

PYMNTS

Unemployment is below 4 percent, wages are growing and retail sales are surging. Adding to the fun — consumers born in the 1980s to 1990s (aka millennials) that are widely counted as the future of economy — carry the highest debt load of any generation according to the Federal Reserve Bank of St. So, time for party hats?

US 100