7-Eleven’s North American operator plans to close 645 stores in fiscal year 2026, significantly outpacing the 205 new locations it expects to open. These closures are intended to include conversions to wholesale fuel stores, a model that has seen considerable expansion in recent years. The company attributes these strategic shifts, in part, to softening personal consumption, particularly among lower-income households, due to persistent inflation and volatile energy markets. Despite these North American closures, Seven & i Holdings Co. anticipates growth in its international markets.
Read More
American consumers have reached a historic low in economic pessimism, with the University of Michigan’s Consumer Sentiment Index plummeting to its lowest recorded level. This decline is primarily driven by the war in Iran, which has exacerbated existing inflationary pressures and created widespread anxiety across demographics. While previous downturns were largely linked to inflation, the current sentiment collapse is a complex mix of geopolitical conflict, energy costs, and market volatility, presenting a more challenging recovery path. This grim sentiment often leads to reduced consumer spending, potentially signaling a demand-side contraction.
Read More
Many Americans, including higher earners, feel that everyday costs have increased significantly, leading to a squeeze on their budgets. Despite modest income gains, inflation remains elevated, meaning dollars do not stretch as far as they used to. This situation prompts consumers to cut back on discretionary spending such as dining out, groceries, clothing, and personal care services, with some resorting to credit cards to cover essentials. Economic anxiety is fueled by persistent inflation, higher borrowing costs, and global uncertainty.
Read More
The recent surge in gas prices has sparked a divisive conversation, with one GOP Senate candidate suggesting a simple solution: cutting back on discretionary spending like trips to Starbucks. This sentiment, while intended to offer a tangible, albeit small, avenue for individual adjustment, has been met with considerable pushback, highlighting a stark disconnect between the candidate’s perspective and the lived realities of many Americans struggling with the economic fallout. The core of the criticism lies in the perceived trivialization of the financial strain caused by rising fuel costs. For individuals whose commutes are long, or for whom transportation is a fundamental necessity for work and daily life, a suggestion to forgo a coffee purchase feels like an insult rather than helpful advice.… Continue reading
The holiday season has presented unique challenges for retailers, with many experiencing increased costs and cautious consumer spending. Rising prices for imported goods, impacted by tariffs imposed on various products, including toys, electronics, and decorations, have forced businesses to adjust their strategies. Consequently, consumers have faced higher prices on popular holiday gifts, prompting some to scale back their purchases or seek out more affordable alternatives. Industry experts suggest exploring options like secondhand stores and domestically produced goods to navigate these economic pressures.
Read More
During a recent speech in Mount Pocono, Pennsylvania, President Donald Trump suggested Americans should “give up” certain products, like pencils and dolls, to manage costs. This recommendation, made while defending tariffs, faced significant backlash, with critics pointing out his disconnect from everyday financial realities. Trump’s comments echoed similar advice offered earlier in the year, where he asserted children did not need excessive amounts of toys and school supplies. Pundits and social media users widely criticized the remarks as tone-deaf and out of touch, especially given the context of rising prices and the holiday shopping season.
Read More
Since the implementation of tariffs, many Americans have reported significant changes to their spending habits, citing rising prices on everyday goods like groceries and household items. A recent study reveals that consumers are bearing the brunt of the “expense shock,” with estimates suggesting households will spend almost $2,400 more annually due to tariffs. Many individuals have drastically altered their shopping routines, cut back on non-essential purchases, and expressed concerns about the economy. Despite promises to lower costs, the tariffs’ impact has been the opposite, forcing people to adjust their lifestyles and budgets.
Read More
Walmart’s CEO, Doug McMillon, stated that the company’s tariff costs are escalating weekly and are expected to continue rising through the year’s end. While the retailer has managed to mitigate some costs and even lowered prices on some back-to-school items, the impact of tariffs on imports looms large. Although there haven’t been dramatic shifts in shopping behavior, the rising costs have led to some price adjustments and shifts in consumer spending. Home Depot and Lowe’s also reported similar challenges with tariff impacts and noted the growing uncertainty in the economy.
Read More
In May, a key inflation gauge indicated that prices remained stubbornly high, with prices up 2.3% compared to the previous year. Core prices, excluding food and energy, rose 2.7% annually, exceeding the Federal Reserve’s 2% target. Simultaneously, consumer spending decreased by 0.1% for the first time since January. While tariffs have influenced prices of certain goods, falling prices in other areas have offset these increases.
Read More
US retail sales have plummeted, marking the largest drop in four months. This significant decline reflects a widespread shift in consumer behavior, driven by a confluence of factors impacting the financial well-being of many Americans. The most immediate and palpable reason is the simple lack of disposable income. With the rising costs of essential goods like food, rent, and medical care, many are finding it increasingly difficult to afford even basic necessities, let alone discretionary purchases. This financial strain is leading individuals to drastically curtail their spending, prioritizing essential expenses and delaying or foregoing non-essential items altogether.
This reduction in consumer spending is visible across various sectors.… Continue reading
John Q. Hosedrinker 
Matt Underwood
GOP Candidate Blames Gas Prices on Starbucks Trips
The recent surge in gas prices has sparked a divisive conversation, with one GOP Senate candidate suggesting a simple solution: cutting back on discretionary spending like trips to Starbucks. This sentiment, while intended to offer a tangible, albeit small, avenue for individual adjustment, has been met with considerable pushback, highlighting a stark disconnect between the candidate’s perspective and the lived realities of many Americans struggling with the economic fallout. The core of the criticism lies in the perceived trivialization of the financial strain caused by rising fuel costs. For individuals whose commutes are long, or for whom transportation is a fundamental necessity for work and daily life, a suggestion to forgo a coffee purchase feels like an insult rather than helpful advice.… Continue reading