Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.
Tag: Consumer Behavior
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How China Made Its Housing Crisis Worse
Years of inattention to building an adequate safety net for seniors, the jobless and others in financial stress have left Chinese consumers afraid to spend.
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Chinese Confidence Hits Low Point Because of Nation’s Economic Troubles
Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle.
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China Faces a Crisis in Its Real Estate Sector
Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
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Walmart Records Strong Sales as It Draws More Shoppers
The retail giant raised its forecasts for revenue and profit this year, as it attracts consumers seeking cheaper groceries and other essentials.