AGP Executive Report
Last update: 12 hours agoConsumer Credit Watch: US consumer credit jumped in July, rising $18.1B (vs. $11.7B expected) with credit cards hitting a new record $1.357T and non-revolving debt (auto and student loans) driving much of the gain. Retail & Value Moves: Subway Canada rolled out its “Fresh For Less” under-$5 menu, citing a “Lunch Squeeze” where shoppers want affordability without giving up freshness and quality. Tariffs Hit Everyday Goods: Canada’s retaliatory tariffs took effect, targeting hundreds of US imports—like cheese, aluminum foil, smartphones, and toilet paper—with levies up to 50%. UK Shopping Mood: UK retail sales growth slowed to a near two-year low, with food up but non-food down as shoppers pull back on big-ticket buys. Food Safety Alerts: USDA recalled about 1,500 pounds of ready-to-eat pork products due to possible listeria contamination, including distribution tied to NJ. AI Trust in Shopping: A Clutch survey found 53% of consumers are less likely to buy from brands using AI-generated social content, pushing brands to be clearer about when AI is used. Scam Protection: Amazon launched “Alexa for Shopping” to help customers verify whether suspicious texts, emails, or calls are actually from Amazon. Power & Utilities: Outages disrupted customers in Washington and Michigan, while Consumers Energy delayed a decision on selling 13 hydro dams until November.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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