Thursday, December 13, 2012
First Data Corp.'s SpendTrend analysis of Black Friday 2012 revealed 1.9 percent growth in average ticket size at retailers, compared with a decline of 0.9 percent last year. First Data attributed the increase to shoppers boosting their overall spending and merchants shifting their merchandise discount strategies.
According to the Small Business Saturday Consumer Insights Survey, the National Federation of Independent Business and American Express Co. reported consumer awareness of Small Business Saturday helped to generate $5.5 billion in spending at small businesses on the Saturday following Thanksgiving 2012. Of the 800 consumers surveyed by Redshift Research, 68 percent said they were of aware the campaign, of which 47 percent shopped on that day.
Big data researcher comScore Inc. estimated retail e-commerce spending for the first 32 days of the 2012 holiday season (Nov. 1 to Dec. 2) reached $21.4 billion, a 14 percent increase over the same period in 2011. Cyber Monday recorded the heaviest single-day spending in online retail history – $1.46 billion, the company stated.
An AmEx Spending & Saving Tracker found that of 1,500 adults surveyed, 32 percent had not initiated holiday shopping as of Dec. 1, 2012; 77 percent were expecting to shop at the last minute. By mid-December, cumulative holiday receipts averaged $445 per person, just over half of the total forecast. Fifty-seven percent of those surveyed said they planned to spend some portion of their holiday budget on Dec. 26, averaging $187 for the day.
Visa Inc. reported that consumers spent a record $5 billion online with Visa-branded payment cards over the four-day 2012 Thanksgiving weekend, which stretched from Black Friday through CyberMonday. On CyberMonday, consumers generated $2 billion in purchase volume using Visa cards issued in the United States, an increase of over 21 percent from 2011, according to Visa Chief Economist Wayne Best.
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.