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The Latest Breaking News from RJ Hottovy

Gas at $4: Americans cut back on discretionary spends as fuel bills mount

Americans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting back on non-essential purchases like clothing and furniture. While some retailers see resilience, lower-income customers are noticeably reducing spending. Economists anticipate further retrenchment as tax refunds diminish and the cumulative…

The Economic Times

From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending

U.S. consumers haven't stopped spending since the Iran war drove up fuel prices

AAP

How Americans are adjusting their spending habits as cost of living soars

The U.S. Commerce Department reported last week that the growth in Americans' spending in April was primarily driven by higher prices, not an increase in purchases

The Independent UK

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Cracker Barrel Visits Slumped 10% After Logo Change: Can The Damage Be Undone?

Restaurant company Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) made national headlines for changing its logo and upsetting fans and non-fans alike. The company's decision led to store traffic declines that will impact the next quarterly earnings report.

Benzinga

Customers seeking deals gave Amazon's Prime Day and competing sales a solid start

Retail analysts say the first day of Amazon’s Prime Day event and competing sales drove solid online spending

The Independent UK

Workers are slowly getting dragged back to the office but the RTO battle isn’t over yet

“I don’t think we’re going to get back to where we were pre-pandemic.”

Fortune

Shoppers are so scarred by inflation they’ve cemented new habits to save money—and discount retailers are the big winners

Shoppers are spending less time in one store and visiting a wider array of retailers looking for budget items, according to Placer.ai data.

Fortune

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Cracker Barrel Old Country Store Inc

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