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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: consumer spending

consumer spending stories: 97 news summaries

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(Newser) - Americans are stressed about the economy and keeping their wallets shut, says a new ABC/Washington Post poll. While the number of Americans who say the economy is getting better is on the rise, that's not translating into shopping habits. Six in 10 say they feel stressed—half of those describe... More »

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poll • consumer spending • spending • economy

'Tentative' Signs Point to Healing US Economy 

But changes on paper may take time to hit pockets

Mar 28, 09 8:34 AM CDT
(Newser) - Next month, the US recession is set to become the longest since the Great Depression, but the Wall Street Journal, in the first up-beat prediction in months, musters “tentative” signs that things could be turning around. Consumer spending and sentiment rose in February, the housing market is looking more... More »

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housing market • consumer confidence • recession • recovery • consumer spending

Some Spending Hard to Trim in 'Guilt Economy'

Many shell out to ensure favorite businesses survive

Mar 19, 09 10:46 AM CDT
(Newser) - Charitable contributions are down in a tough economy—but that may not mean people are feeling less philanthropic. Feeling too guilty to let the masseuse go under or a favorite shop die, many who can afford it are spending in an effort to help those around them, the Wall Street ... More »

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consumer spending • guilt • small business • relationship • economy • financial crisis

(Newser) - Retailers are fighting to survive in 2009, some more successfully than others. Some 73,000 stores could close their doors by year’s end. Forbes breaks down which chains are shrinking the fastest:
  • Ann Taylor: Catering to working women isn’t so great when unemployment’s at 8.1%.
... More »

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retail • consumer spending • retail sales • economy • retailers • financial crisis

(Newser) - The current recession was fairly clear to a certain segment of the population as far back as late 2007, the Washington Post reports—landfill operators. Since then, dumps and garbage collectors have seen a steep drop-off in trash—in some cases up to 30%—along with their own jobs.... More »

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trash • landfill • garbage • waste • recession • consumer spending • packaging

Drive Past the Body Shop: Sun Will Repair Scratches

New self-healing coating will save you money, time

Mar 13, 09 12:30 PM CDT
(Newser) - The sun will soon be able to help repair the scratches on everything from iPods to cars. Researchers have developed a polyurethane coating that heals itself when exposed to UV radiation, Wired reports. The coating, which should be available in a few months, could save consumers money and reduce waste... More »

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waste • iPod • sun • consumer spending • chemistry • ultraviolet light • cars • automobile


 Consumer 
 Spending 
 Rises in Jan. 

But experts don't expect boost to last

Mar 2, 09 8:32 AM CST
(AP) - Consumer spending rose in January after falling for a record 6 consecutive months, pushed higher by purchases of food and other non-durable items. But the increase is expected to be fleeting given the problems facing the US economy. Spending rose 0.6% in January, better than the 0.4% gain... More »

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shopping • income • consumer spending • savings • economy • financial crisis

 GDP Drop Worst in 26 Years 

Worse than anticipated

Feb 27, 09 8:09 AM CST
(AP) - The US economy contracted at a staggering 6.2% pace at the end of 2008, the worst showing in more than a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession. That's drastically worse than the 3.8% the government originally estimated, and the 5.... More »

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economic indicators • recession • consumer spending • GDP • Department of Commerce • economy • recession depression

 Food Spending Turns Anorexic 

Restaurants, name-brand food hit hard as diners opt for cheaper fare

Feb 13, 09 9:36 AM CST
(Newser) - Americans have trimmed their food spending sharply, hitting restaurants, food retailers, and brand-name food producers squarely in the gut, the Wall Street Journal reports. In the last quarter of 2008, spending on food plunged an inflation-adjusted 3.7% from the previous quarter, the steepest decline since the government began keeping... More »

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Starbucks • consumer spending • grocery stores • Wal-Mart • financial crisis • restaurant industry

 Surprise! Retail  
 Sales Up 1% in Jan. 

Gas prices, food and clothing spending end 6-month drop

Feb 12, 09 8:42 AM CST
(Newser) - In an unexpected twist, US retail sales climbed slightly in January after falling for six straight months, Bloomberg reports. Retail sales rose 1% as gasoline prices increased and consumers spent more on food and clothing, despite forecasts that sales would fall 0.8%. But consumer spending is expected to fall... More »

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retail • consumer spending • retail sales • economy

US Consumer Spending Falls Yet Again

1% drop greater than forecast; 6 straight months of decline

Feb 2, 09 9:06 AM CST
(Newser) - Consumer spending fell in December to finish off its worst year since 1961, Bloomberg reports. Purchases fell 1%, topping analyst estimates of a 0.9% decline. It was the record sixth consecutive month spending has fallen, and that streak may get longer, one economist predicted. Thanks to nearly 2.6... More »

MORE ABOUT:
economic indicators • consumer confidence • unemployment • consumer spending • economy • financial crisis

(Newser) - As Americans cut back on spending, a certain dread creeps in—not of having less, but of what curtailed consumption could mean for the future, Douglas Coupland notes in the New York Times. Sure, “a big drop in consumption sounds like the advent of a new utopia where... More »

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recession • capitalism • consumer spending • cuts • financial crisis • economic downturn • future

Slump in TV Sales May Push Smaller Makers Out

Likes of Hitachi, Pioneer don't have staying power of Sony and other giants

Jan 20, 09 2:09 PM CST
(Newser) - A steep decline in demand for flat-panel TVs could push smaller manufacturers out of the market, the Wall Street Journal reports. As the economy sours and larger makers achieve economies of scale, the price gap between top brands and cheaper rivals has shrunken dramatically. The top five makers accounted for... More »

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television • Sony • consumer spending • retail sales • flat screen TVs • holiday shopping • Panasonic • discounts • financial crisis • Vizio • Pioneer

Economy Brews Change for Coffee Drinkers

Americans splurge on
Starbucks less often, make joe at home

Jan 19, 09 9:51 AM CST
(Newser) - Still hitting Starbucks every day on your way to work? You’re in the minority. A recent survey found 60% of Americans buying less gourmet coffee as the economy has soured, reports Advertising Age. Starbucks’ loss has been Dunkin’ Donuts’ gain, allowing the company to expand into new markets as... More »

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Starbucks • recession • consumer spending • Dunkin' Donuts • gourmet coffee • financial crisis

(Newser) - Stocks tumbled at the open today, in the wake of a retail sales report that drastically missed estimates. The Dow dove 157 points, while the Nasdaq and S&P dropped 1.5% and 2.1% respectively. Sales fell 2.7%, more than twice the 1.2% economists predicted. Nortel Networks,... More »

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stock market • Nasdaq • consumer spending • Dow • retail sales • S&P 500


 Retail Sales Take 
 Steep Plunge 

Fall twice as far as anticipated

Jan 14, 09 8:38 AM CST
(Newser) - Retail sales fell more than twice as much as analysts predicted in December, thanks to mounting job losses and reduced credit, Bloomberg reports. Sales fell 2.7%, extending the longest string of declines on record to 6 consecutive months. Purchases excluding automobiles slid 3.1%. “Consumers are pulling back,... More »

MORE ABOUT:
economic indicators • recession • consumer spending • retail sales • economy • financial crisis

MARKETS

 Dow Gains 49 Before Holiday 


Dec 24, 08 12:34 PM CST
(Newser) - Stocks posted modest gains today amid light holiday trading, the Wall Street Journal reports. Drops were reported in orders for durable goods and consumer spending, but they were smaller than expected. The Dow closed up 48.99 points at 8,468. The Nasdaq gained 3.36 points to settle at... More »

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Dow Jones • durable goods • Nasdaq • consumer spending • crude oil • S&P 500

MARKET Open

 Sleepy Christmas for Stocks 

Investors shrug off negative data

Dec 24, 08 8:47 AM CST
(Newser) - There was plenty of bad news for the market today, but investors largely shrugged it off and turned their minds toward Christmas dinner. The Dow rose a mere 3.64 points at the open, while the S&P gained 2.32 points. Consumer spending fell 0.6% last month, and... More »

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stock market • Nasdaq • consumer spending • Dow • Christmas • jobless claims • S&P 500

 Recession? Not for Botox Docs 

For some, it's the cheaper alternative

Dec 23, 08 2:14 PM CST
(Newser) - Botox, apparently the poor man's plastic surgery, has not taken a hit in this recession, according to a recent survey. In fact, some doctors say demand for the pay-as-you-go treatment has increased as patients put off pricier surgeries, the Wall Street Journal reports. A lip plump or wrinkle-smoothing costs a... More »

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plastic surgery • recession • consumer spending • US economy • Botox

Poll: 72% of World Cutting Spending

Economic malaise spreads to emerging markets, hits hard

Dec 23, 08 9:01 AM CST
(Newser) - Nearly three-quarters of households worldwide are cutting spending, with emerging markets particularly fretful about global economic woes, a 22-country survey found. Those countries are facing “precipitous decline," putting “in check any notion of 'decoupling’”—the idea that emerging markets are working independently of those of... More »

MORE ABOUT:
world economy • consumer confidence • consumer spending • emerging markets • developed countries • financial crisis

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