Conor Langford’s Post

Visa Consulting & Analytics has released its first Retail Spend Monitor, offering insights into 2024 holiday retail trends. The report highlights a 4.8% increase in U.S. holiday spending, reflecting strong consumer confidence. Key trends include a resurgence in in-store shopping, which made up 77% of total payment volume, and steady growth in e-commerce, up 7.1% year-over-year. Globally, markets like Brazil (+12.2%), South Africa (+7.0%), and Australia (+7.4%) saw significant increases in spending. With comprehensive insights powered by VisaNet data, this report provides valuable perspectives for retailers planning strategic growth. Learn more about how global shopping trends unfolded this season. https://lnkd.in/g_daFEzi #HolidaySpending #canadianjeweller #timeshiners #bank #visa #RetailTrends #VisaAnalytics #ConsumerConfidence #RetailInsights

As the year comes to an end, holiday shopping trends reveal key insights into consumer behavior and payment preferences. Visa Consulting & Analytics (VCA) conducted an in-depth analysis of payment transactions to understand customer behavior in five markets – the U.S., Australia, Brazil, the U.K., and South Africa. The VCA Retail Spend Monitor is produced by Visa Consulting & Analytics, a global network of more than 1,500 consultants, economists, data scientists, and product designers working across 75 countries. In the last year, VCA delivered more than 3,000 consulting engagements, nearly double from the year prior, helping clients realize an estimated $5 billion in incremental revenue. Learn more from Visa’s new Retail Spend Monitor, powered by Visa Consulting & Analytics (VCA) Sandy Samaan Wassim Skaff Basma Berti Guirguis Anton Piatygin Roberto De Meo Anubhav Narang

Visa’s holiday spending data is in, showing a robust 4.8% YoY growth in the U.S., slightly exceeding our economists earlier forecast of 4% 📈 Both in-store and online holiday spending increased year-over-year across the globe, highlighting the resilience of consumers and retailers – and showing the strength of the economy 🎁 As we wrap up the year with these encouraging spend figures, I want to extend a heartfelt thanks to our employees and clients for your hard work and support. May this holiday season bring happiness and health to all, and the new year be filled with continued success 🙏   Explore more holiday trends from our Retail Spend Monitor, powered by our incredible Visa Consulting & Analytics (VCA) team, below ⬇️ #VisaData #VCA #RetailSpend #HolidayShopping

🌟 Great insights into holiday season spending and consumer confidence! 🌟 Take a look and share your thoughts on these trends. Your insights, especially related to small businesses, are always appreciated. Happy holidays! #HolidaySpending #HolidayShopping #SmallBusiness #VisaEconomicInsights

"This holiday season, consumers nationwide upped their spending in stores and online, according to early data from Visa’s Retail Spending Monitor. Overall retail spending in the U.S. this holiday season increased by nearly 5% from 2023. Visa’s report reflects spending at retail merchants from the seven-week period following Nov. 1 across all payment methods. It excludes spending in some categories, such as autos, gasoline, restaurants and more, and is not adjusted for inflation. “The spending growth this holiday season portends continued consumer confidence in their own outlook — jobs, wage growth — and the broader economy going into 2025,” said Visa Chief Economist Wayne Best." Head to The Pittsburgh Post-Gazette and read Madaleine Rubin's article to learn more! #payments #holidayshopping #retail #holidayspending #fintech #economy #Visa https://lnkd.in/gnEA5xJW

Total holiday retail spend in the U.S. rose 4.8% year-over-year during the seven-week period https://lnkd.in/et_QA_HH More than three-quarters (77%) of the total payment volume was in-store versus 23% online. #retail #ChainStoreAge

Online sales are absolutely critical to a thriving retail business but in-store is still king. Total holiday retail spend in the U.S. rose 4.8% year-over-year during the seven-week period. More than three-quarters (77%) of the total payment volume was in-store.

Over the past five years, technological advancements have significantly changed retail software development and shopping experiences in the Canadian market. Global changes in trade policies and agreements, such as the USMCA (United States-Mexico-Canada Agreement), have influenced the cost and availability of goods. At the same time, fluctuations in tariffs and trade barriers have also affected the retail supply chain and pricing strategies. Taking into account these significant changes, we have decided to write a new article that explores the key technologies driving the transformation of Canadian retail and to show our readers how this market has changed in Canada over the past five years. https://lnkd.in/euwMpk3z

Excited to share insights from the latest Canadian Consumer Report by Adyen that sheds light on pivotal shopping trends shaping the retail landscape. From shifting consumer behaviors to emerging trends, this report is a goldmine for retailers and businesses looking to stay ahead. Dive into the article to uncover key findings, then head over to download the full report for a deeper dive into the data-driven insights shaping the future of retail in Canada. #Adyen #RetailTrends #ConsumerInsights https://lnkd.in/gzjBx3iG

🇬🇧 Over Half of UK Shoppers are Going Global! New research from Nosto reveals that 52.5% of UK consumers have purchased from online stores abroad in the past year! ️ Here's what's driving this trend: - Younger generations are leading the charge: 67% of 35-44-year-olds, 64% of 25-34-year-olds, and 61% of 16-24-year-olds have shopped cross-border. - Fashion is king (and queen): 70% of products purchased overseas fall under fashion and accessories. - Price is a big motivator: Over half (53.4%) of respondents are looking for deals abroad due to rising prices at home. However, there are some hurdles: - Concerns about returns (49.75%) and product quality (46.8%) are top worries for cross-border shoppers. - Transparency builds trust: Nearly 69% of respondents say clear information on returns and taxes would make them more likely to buy from international stores. The takeaway for e-commerce businesses? Cater to the global shopper! Providing clear information on returns, and taxes, and offering local customer support can turn browsers into loyal international buyers. #ecommerce #crossbordershopping #ukretail #globalmarket *Graph showing what is likely to increase consumer trust in an ecommerce store based in another country. Source: Nosto, 2024.