For Walmart, rising tariffs and worries about a possible recession are major concerns. Those economic pressures could make it harder for the company to keep prices low, which is a big part of why shoppers choose Walmart in the first place. One thing that’s helping the company is its membership program, Walmart+. Members made up nearly half of all online spending on Walmart’s website and app last year. These customers shop more often and spend more money than those without Continue reading
Once considered to be products exclusively made for children, plush toy brands like Jellycat, Build-A-Bear, and Squishmallows are now seeing significant sales from millennial and Gen Z buyers. In 2024, more than 20 percent of all plush toy sales were made by adults purchasing for themselves. Post-pandemic stress, economic uncertainty, and the rise of self-care culture have all contributed to this shift. Plush toys are no longer framed as childish; instead, many see them as tools for comfort, emotional regulation, Continue reading
In the early 2000’s, finance companies got in trouble for targeting young people with gifts like pizza and free t-shirts in order to get them to apply for credit cards with high interest rates and big fees. These fee-heavy accounts made it easy to turn a small debt into a very large debt, leaving some college students bankrupt before they could start their careers. In 2010, the U.S. made it illegal to give free gifts for credit card applications. Since Continue reading
Hand sanitizer is one of the products that saw a dramatic spike in consumer demand during the pandemic, with sales peaking at $52 million each week in July 2020. The increased demand should have led to big business for Andrea Lisbona, who moved to the U.S. in 2018 to launch her hand sanitizer brand called Touchland. But the pandemic also upended the global supply chain, which meant she could not get the packaging and materials she needed to ship her Continue reading
When Walt Disney built his world-famous theme parks, he envisioned them as affordable places for families to spend full days together in the dreamlike world of animated movies. In fact, one executive in the 1980s who tried to raise the price of parking by one dollar met stiff resistance from people who claimed the idea ran counter to Disney’s vision for The Happiest Place on Earth. Over time, though, prices rose steadily with inflation, until the COVID-19 pandemic brought everything Continue reading
Pop superstar Taylor Swift completed her Eras Tour in 2024, ending a two-year global phenomenon that became the highest grossing tour of all time. Eras was Swift’s first tour since COVID-19, and its economic impact was such a drastic change from lockdown that financial analysts started calling it the “TSwift Lift.” And even though the tour has come to a close, it could still have a gargantuan cultural impact in 2025 as the U.S. Department of Justice sues Ticketmaster, the Continue reading
In the days before online shopping, catalogs were a common way to purchase holiday gifts without having to go to a store as customers placed and received their orders directly through the mail. Sears issued the first holiday edition of its popular catalog in 1933 selling toys like a Mickey Mouse watch, a Lionel electric train set, and live singing canaries. In 1968, the catalog grew to more than 600 pages, including 225 pages of toys. Many companies relied on Continue reading
The luxury car brand Jaguar started in England in 1922 as a shop that built sidecars for motorcycles. When the British government stopped rationing steel at the end of World War II, the company was then able to purchase enough supplies to produce eye-catching sports cars. Flashy Jaguar vehicles went on to dominate international motorsport in the 1950s, giving the brand a global reputation as athletic and glamorous. But even as Jaguar grew to become the preferred automaker of the Continue reading
Since the late 1980s, Americans have marked the day after Thanksgiving as Black Friday, the “official” start of the holiday sale season and the busiest shopping day of the year. Stores like Walmart, Target, and Best Buy used to draw huge crowds by offering massive discounts to the first shoppers to come through the doors. As time passed and e-commerce became more common, though, the one-day sales bonanza expanded to include online deals. Now Amazon is the undisputed champion of Continue reading
Thanksgiving marks the beginning of a busy travel season at American airports as families trek across the country to celebrate the holiday with their loved ones. This year, AAA predicts more than 18 million people will travel by plane during Thanksgiving week, an increase of 6 percent over 2023. Three million people are expected to go through airport security on the Sunday after the holiday, which would tie the record set on the Sunday after this year’s Fourth of July. Continue reading