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New Alvarez & Marsal Spring 2024 Consumer Sentiment Report Highlights Impact of Ongoing Consumer Skepticism on Spring & Summer Spending Plans

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–News Direct–

  • Consumers, specifically those with higher household incomes, intend to reduce spending on essentials, experiences, gifts, and indulgences this spring
  • The number of higher-income earners cutting back on spending to prioritize saving has increased in Spring 24 compared to previous cycles
  • Cost-conscious consumers are increasingly engaging in sales and second-hand shopping as a way to reduce spending
  • Despite financial uncertainty, consumers are still eager to take vacations this year, showing resilience in their desire for leisure compared to last spring (2023)

Global professional services firm Alvarez & Marsals Consumer and Retail Group (A&M CRG) released its latest consumer report, Consumer Sentiment Survey Spring 2024, which examines the influence of inflation and resulting changes in consumer spending over the last year, as well as spending outlook for the upcoming six-month timeframe.

This is the sixth chapter of its bi-annual Consumer Sentiment Report, based on a survey of 1,800+ consumers matching the U.S. adult population according to gender, age, ethnicity, region and income. The report delves into shifting behaviors in response to personal finances and economic conditions. It includes insights into consumers' shopping priorities across categories, concerns about increasing prices, vacation plans, and other factors shaping purchase decisions for the upcoming spring season, among other relevant insights.

Our semi-annual survey aims to analyze the influence of ongoing economic concerns on consumer spending patterns, channel preferences, and their overall confidence in financial stability over time. Retailers can utilize the data and insights from our report to develop financial plans, efficiently manage inventory, enhance marketing campaigns, and establish pricing strategies at a category level, stated Chad Lusk, Managing Director at Alvarez & Marsals Consumer and Retail Group. This survey cycle reveals a growing consumer pessimism as we head into the spring season, with intentions to exercise greater caution in spending especially in higher income households.

The study found that:

  • Consumer outlook for spring is weaker as consumers are anticipating spending less and having less money versus Fall 23
  • Consumers are planning to reduce spending across the board but show the smallest decline in spending intentions for experiences compared to Fall 23, with a rising number of respondents planning vacations this year
  • In higher income brackets, there's a notable trend towards prioritizing saving over spending. In the $200K+ income bracket, the percentage of respondents prioritizing saving surged by 12% compared to Fall '23. Across various spending categories, we consistently observed the most significant decreases in desire to spend in the higher income households
  • Higher income households are turning to second-hand shopping to save money. The number of respondents earning $100K+ who shop second-hand to save costs increased by 10% this spring.

"Retailers must recognize the cautious consumer mindset and adjust strategic priorities accordingly to align with spending plans," Lusk advised. "Retailers, particularly ones servicing higher income consumers, should anticipate providing discounts and promotions across different categories as the season progresses, also while implementing flexible inventory strategies to minimize overall liabilities, given that those typically less affected by recession or inflation will be spending less.

To download a pdf of Consumer Sentiment Survey Spring 2024, please visit:

https://alvarezandmarsal-crg.com/insight/consumer-sentiment-survey-spring-24/

The Alvarez and Marsal Consumer and Retail Group (CRG) is a management consulting firm that tackles the most complex challenges and advances its clients, people, and communities towards their maximum potential. CRG combines the best of A&Ms broader firm's bias toward action and practicality with deep consumer and retail industry experience. CRG partners with businesses across a wide range of categories including Food & Beverage, Beauty & Personal Care, Grocery, Mass Merchandise, and Apparel & Footwear to drive significant performance improvement.

Contact Details

David Schneidman

dschneidman@alvarezandmarsal.com

Company Website

https://www.alvarezandmarsal.com/industries/retail/retail

View source version on newsdirect.com: https://newsdirect.com/news/new-alvarez-and-marsal-spring-2024-consumer-sentiment-report-highlights-impact-of-ongoing-consumer-skepticism-on-spring-and-summer-spending-plans-765606271

Alvarez & Marsal Consumer and Retail Group

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Quizmatch Unites Blockchain, GenAI, and Telecom Networks to Redefine OnChain Gaming

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Everyone loves good trivia, and now quizzes, GenAI, tournaments, digital asset rewards, blockchain, and telecom networks unite in an innovative way. Enter Quizmatch, a revolutionary blockchain-powered tournament platform, gamified with AI-driven quizzes, rewards, and digital asset ownership, all seamlessly integrated with telecom networks and social platforms.

With the rise of play-to-tap mini-games, Quizmatch offers players an engaging way to compete in quizzes on trending topics. Users can instantly verify results on-chain, ensuring complete transparency and immutability of leaderboards. Gone are the days of wondering if game outcomes are manipulated – Quizmatch solves this with its decentralized, tamper-proof technology.

Digital IPs are struggling to meaningfully engage and retain users. Superbrands are catching on to this trend. The New York Times has embraced its role as a gaming destination, LinkedIn has added casual social games to its platform, and two of the top food apps in India now offer quiz games tied to cricket with digital collectibles. Over 75 games are now playable directly on YouTube. Additionally, the recent hype around tap-to-earn Telegram mini-games, like Hamster Kombat, and combat-centric clicker games such as Rocky Rabbit, is making waves throughout the industry.

Telecom Partnerships for Wider Reach

As part of its ambitious roadmap, Accioo, the company behind Quizmatch, registered in Singapore earlier this year, has secured strategic partnerships with major global telecom networks, such as Jio in India and Robi Axiata in Bangladesh, giving the platform access to over 500 million users. Adding a few more global telecom operators from the Middle East, Africa, and LATAM is also on the horizon as Accioo aims to expand its reach further. These partnerships highlight the platform’s immense scalability and potential to bring web3 gaming experiences to millions.

Built on the Sei Blockchain: Speed and Efficiency for Web3 Users

Quizmatch is built on the Sei blockchain, the fastest parallel blockchain, supported by institutional heavyweights like Coinbase, Delphi Digital, and Circle Ventures, known for its speed and efficiency. With a block finality of 390 milliseconds, Sei is designed to offer Web2-like experiences, making it ideal for high-frequency trading and real-time digital interactions.  Sei allows Quizmatch to offer real-time interactions similar to traditional web applications.

Jason Lim, Global Gaming Lead at Sei Foundation, emphasizes, “For us, empowering Quizmatch with the right speed to onboard that many new Web3 users and support such high on-chain transaction volumes is a proposition that fits Sei organically. We are one of the fastest-growing L1 ecosystems in the world right now.”

Speaking about the platform’s vision, Gaurav Raj Thakur, Co-founder and CEO of Accioo, stated, “Web3 has always posed challenges with its complex onboarding processes, and our goal is to change that. Through Quizmatch’s simple, yet engaging tournament framework, we aim to make blockchain accessible to billions of Web2 users, truly democratizing the digital gaming experience.”

In the near future, the company intends to add more features in Quizmatch. The mini quiz tournaments might soon be launched from within social media platforms such as the X by simply calling for the Quizmatch bot. The platform is designed to host quiz tournaments in multiple languages, including vernacular ones, creating a more personalized and culturally resonant experience.

Saurav Dwivedi, Co-founder and CTO, adds, “We’re collaborating with various telco networks, SDP partners, and Layer 1 chains to create a truly unique experience. Our in-house compliance engine ensures culturally relevant and engaging quiz content as we expand across multiple geographies.”

Quizmatch’s approach has already caught the attention of industry observers. The platform was recently selected for the ALPHA Startup Program at Web Summit Doha, standing out at 1,043 chosen from nearly 10,000 applicants worldwide startups from around the world.

 Quizmatch continues to push the boundaries of gaming and blockchain technology, it is well on its way to becoming a game-changer in the digital entertainment space, transforming how users engage, compete, and own digital assets on a global scale.

Contact Info:
Name: Gaurav
Email: gaurav@quizmatch.games
Organization: quizmatch.games
Website: https://quizmatch.games/

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Press Release

Dianetics Diamond Jubilee commemorated at the Frankfurt Buchmesse: 75 years of positively transforming millions of lives

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Four leading book distributors in Europe chose the Frankfurt Buchmesse to deliver their recognitions to the BestSelling book Dianetics at the launch of celebrations for its 75th Anniversary and wide distribution since publication in May 9th 1950.

Four leading book distributors in Europe chose the Frankfurt Buchmesse to deliver their recognitions to the BestSelling book Dianetics from L. Ron Hubbard at the launch of celebrations for its 75th Anniversary and wide distribution since publication in May 9th 1950.

The 2024 Frankfurt Buchmesse could not have concluded more appropriately than with L. Ron Hubbard’s Dianetics: The Modern Science of Mental Health being acknowledged “for positively and permanently transforming millions of lives over the past three quarters of a century” said a representative.

The book has been honored with four prestigious recognitions from distributors across Europe, as if marking the four cardinal points of the continent. From the North, the UK acknowledges its continued inspiration; from the South, Italy celebrates its profound impact; from the East, Slovakia praises its enduring legacy; and from the West, Spain highlights its perennial bestseller status.

In this regards, Marvin Blagsden, Managing Director of Gazelle Book Services, presented a commemorative plaque recognizing “the extraordinary legacy” of L. Ron Hubbard, which “continues to inspire and guide people worldwide, making a lasting impact on personal development and well-being.” 

Going down south in EuropeDonatella Nazzi, Manager of Libro Co Italia, recognized L. Ron Hubbard’s “remarkable contribution to literature and human knowledge,” adding, “We are very pleased to distribute Dianetics. We have many interesting ideas for next year’s celebration of your anniversary, and I’m sure we can do a great job together.”

In crossing to Slovakia in eastern Europe, Heureka granted Dianetics: The Modern Science of Mental Health by L. Ron Hubbard the award “Finalist Product of the Year 2023 in the Category of Books” and flying to the western Europe in Spain, Arnoia Distribución de Libros S.A., a Galician business group at the forefront of book distribution in Spain and abroad for over 30 years, joined in with another award “to congratulate L. Ron Hubbard for his vast and extraordinary body of published works in honor of the 75th anniversary of his perennial bestseller Dianetics: The Modern Science of Mental Health.”

 

L. Ron Hubbard’s Legacy: One of the Most Enduring and Widely Read Authors in Literary History

As an author, humanitarian, and the founder of Dianetics and Scientology, L. Ron Hubbard stands as one of the most acclaimed figures of the modern age

His writing career, which spanned more than half a century, established him as a leading light in American fiction and as the author of over 35 million words of nonfiction—the most comprehensive exploration of the human mind and spirit, providing a unique pathway to total spiritual freedom. 

Recognized as one of the top 20 bestselling authors of all time, Hubbard’s works have been translated into 114 languages, with more than 325 million copies in circulation, including over 3,000 recorded lectures and approximately 5,000 writings. 

In testament to the magnitude of his literary legacy, he holds four Guinness World Records: for most published author, most translated author, the author with the most audiobook titles, and for the single most translated non-religious work.

Time-Tested Technology: Just as Relevant in 2024 as in 1950.

Published on May 9, 1950, a forerunner of Scientology, Dianetics was proclaimed by the national columnist Walter Winchell in a telling prediction, “There is something new coming up in April called Dianetics. A new science which works with the invariability of physical science in the field of the human mind. From all indications it will prove to be as revolutionary for humanity as the first caveman’s discovery and utilization of fire.”

If Winchell’s statement was bold, it was nonetheless accurate, for with Dianetics came the first definitive explanation of human thinking and behavior. Here, too, “was the first means to resolve problems of the human mind, including unreasonable fears, upsets, insecurities and psychosomatic ills of every description” said one of the fans.

At the core of such problems lay what L. Ron Hubbard termed the “reactive mind” and defined as that “portion of a person’s mind which is entirely stimulus-response, which is not under his volitional control and which exerts force and the power of command over his awareness, purposes, thoughts, body and actions.”  

“That the mind still recorded perceptions during moments of partial or full unconsciousness was dimly known. But how the engram impacted physiologically, how it acted upon thinking and behavior—this was entirely new” says one of the readers,In short, here lay a mind, as Mr. Hubbard so powerfully phrased it, “which makes a man suppress his hopes, which holds his apathies, which gives him irresolution when he should act, and kills him before he has begun to live.”

“As word of  Dianetics spread, general response was considerable: more than fifty thousand copies were acquired by the general publicimmediately off the press, while bookstores struggled to keep it on shelves. As its experienced workability grew, public response grew even more dramatic” said Ivan Arjona-Pelado, European representative for the Church of Scientology.

“Dianetics—Taking U.S. by Storm” and “Fastest Growing Movement in America” read newspaper headlines through the summer of 1950. “While by the end of the year, some 750 Dianetics groups had spontaneously mushroomed from coast to coast and six cities boasted research foundations to help facilitate Mr. Hubbard’s advancement of the subject” continued Arjona-Pelado.

Over the years, Dianetics has become an international phenomenon, with more than 22 million copies in circulation, translated into 50 languages, and distributed in 175 countries worldwide

“As a perennial bestseller, Dianetics is indisputably the most widely read and influential book on the human mind” concluded Arjona-Pelado.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.europeanaffairs.eu

Email: Send Email

Address: Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country: Belgium

Release Id: 21102418720

The post Dianetics Diamond Jubilee commemorated at the Frankfurt Buchmesse: 75 years of positively transforming millions of lives appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Shoreline Property Management Expands Reach

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Shoreline Property Management is thrilled to announce the continued growth of its property management services, now covering additional neighborhoods including Evanston, Rogers Park, Skokie, West Ridge, and Lincolnwood. The company offers comprehensive, hassle-free property management solutions, designed to maximize property value and ensure tenant satisfaction for local property owners and investors.

With years of experience and a strong focus on client care, Shoreline Property Management provides a full suite of services, including tenant screening, property maintenance, rent collection, leasing, and legal compliance. The goal is to simplify property ownership and increase rental income, making it easier for clients to manage their investments.

“At Shoreline Property Management, our mission is to take the stress out of managing properties,” said a company representative. “We understand the unique needs of property owners in these neighborhoods and provide tailored services to help improve property performance and tenant relations.”

Comprehensive Services for Chicago-Area Property Owners

Shoreline Property Management offers a wide range of services that help property owners keep their properties in top condition, including:

  • Tenant Screening and Selection: A thorough process to ensure only qualified, reliable tenants are placed, minimizing vacancies and tenant turnover.
  • Property Maintenance and Repairs: Management of both routine maintenance and emergency repairs to keep properties in excellent condition.
  • Rent Collection and Financial Reporting: Efficient rent collection, combined with detailed financial reports, helps owners track the performance of their investments.
  • Marketing and Leasing: Leveraging advanced marketing strategies, including digital advertising and open houses, to attract high-quality tenants.
  • Legal Compliance and Lease Enforcement: Managing lease agreements while ensuring properties comply with local laws and regulations.

Serving Key Neighborhoods and Zip Codes

Shoreline Property Management is proud to serve the following zip codes:

  • Evanston: 60201, 60202
  • Rogers Park: 60626
  • West Ridge: 60645, 60660
  • Skokie: 60076
  • Lincolnwood: 60712

Transparent Pricing with No Hidden Fees

Shoreline Property Management is committed to offering competitive pricing without hidden fees. Clients are charged based on a clear fee structure that includes all aspects of property management, leasing, and maintenance coordination. This transparency ensures property owners always know what they are paying for, allowing for a stress-free management experience.

Why Shoreline Property Management Stands Out

Shoreline Property Management prides itself on offering:

  • Local Expertise: In-depth knowledge of the market and trends in neighborhoods like Evanston, Rogers Park, Skokie, West Ridge, and Lincolnwood allows the team to provide expert guidance.
  • Client-Centered Service: A personalized approach ensures that every client receives tailored services that meet their property management needs.
  • Tenant Satisfaction: By focusing on tenant happiness, Shoreline Property Management helps property owners secure longer leases, reducing vacancy and turnover rates.

About Shoreline Property Management

Shoreline Property Management provides exceptional property management services throughout Chicago and its neighboring suburbs. Specializing in rental properties, the company’s focus is on maintaining high-quality service and tenant satisfaction, while maximizing the return on investment for property owners.

For more information about Shoreline Property Management and its services, visit shoremanage.com or contact the team at (708) 397-6636 or via email at support@shoremanage.com.

https://maps.app.goo.gl/QcVK7i8sjZQU5aZg6 

Media Contact

Organization: Shoreline Property Management

Contact Person: Support Team

Website: https://shoremanage.com/

Email: Send Email

Contact Number: +17083976636

City: Chicago city

Country: United States

Release Id: 21102418704

The post Shoreline Property Management Expands Reach appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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