Chinese consumers will have a stronger tendency to spend more on health and beauty products, home entertainment and consumer electronics in the next six months than the global average, despite challenges brought by the pandemic, ...
About 63.1% of families had the same monthly income while 35.4% had a decrease in monthly income. A significant reduction in days of leaving home before and after COVID-19 pandemic was observed (before; median=6, after; median=5, P =<0.001). The extra spending in grocery was the ...
GET FOX BUSINESS ON THE GO BY CLICKING HERE "Given the pandemic, there is uncertainty about consumers’ willingness to spend, but with the economy improving most have the ability to spend," NRF Chief Economist Jack Kleinhenz said in November. "Consumers have experienced a difficult year but wil...
In the aftermath of the COVID-19 pandemic,inflationreached 40-year highs as demand increased thanks to stimulus checks, low interest rates and government spending, while the economy slowed due to shutdowns. Labor costs increased due to a shortage of workers, and consumer demand was high, causi...
Drivers are holding on to cars and trucks longer during the coronavirus pandemic. The average age of a vehicle on U.S. roads rose by a month this year to a record 11.9 years.
The average cost of flying in the U.S. fell dramatically during the pandemic in 2020, but revenge travel fueled higher costs after the pandemic. Last year, travel demand, jet fuel prices and airline staffing challenges contributed to high ticket prices. While some staffing challenges still remain...
Average Time People Spend In Some Stores Decreasing If you feel like you're spending less time filling your cart in some stores, you're not alone. According to research published byPlacer.ai,some, but not all retail stores are seeing a decline in the amount of time shoppers are hanging ar...
The surge in 2020 was attributed to stay-at-home orders during the coronavirus pandemic, which drove remote work, play, and education. Sensor Tower also projects that consumer app spending will hit an average of $180 in 2021. Again, it attributes the lift to the global health crisis.As ...
The decline in ADR in both 2020 and 2021 can be attributed to the disruptions in travel and stay-at-home restrictions implemented due to the coronavirus (COVID-19) pandemic. What is average daily rate (ADR)? Average daily rate is a key performance indicator of the hospitality industry. ...
Don't be too conservative with your investing choices. You're still young enough to weather big market downswings—even the kind that occurred in the wake of the COVID-19 pandemic. That's because your portfolio has time to recover. Everyone in their '30s right now is a Millennial. Mill...