"This holiday shopping season, we’re seeing increasing consumer confidence as people sought out in-store experiences — and went online — to purchase gifts,” said Chief Economist Wayne Best. Visa has launched its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This holiday season, U.S. retail spending jumped by 4.8% year over year, covering all payment forms including cash and check. Click for more insights: https://vi.sa/4gNd0nA #ConsumerInsights #HolidayShopping #VisaEconomicInsights
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Visa's latest retail spend monitor report is out! It shows a clear YoY growth in the holiday shopping season across five markets with a noticeable increase in #ecommerce spend 2023 vs 2024 mainly in South Africa (+23.3%) and Brazil (+17.6%). Click on the link below for additional insights!
"This holiday shopping season, we’re seeing increasing consumer confidence as people sought out in-store experiences — and went online — to purchase gifts,” said Chief Economist Wayne Best. Visa has launched its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This holiday season, U.S. retail spending jumped by 4.8% year over year, covering all payment forms including cash and check. Click for more insights: https://vi.sa/4gNd0nA #ConsumerInsights #HolidayShopping #VisaEconomicInsights
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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
"This holiday shopping season, we’re seeing increasing consumer confidence as people sought out in-store experiences — and went online — to purchase gifts,” said Chief Economist Wayne Best. Visa has launched its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This holiday season, U.S. retail spending jumped by 4.8% year over year, covering all payment forms including cash and check. Click for more insights: https://vi.sa/4gNd0nA #ConsumerInsights #HolidayShopping #VisaEconomicInsights
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🌟 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 shopping season, we’re seeing increasing consumer confidence as people sought out in-store experiences — and went online — to purchase gifts,” said Chief Economist Wayne Best. Visa has launched its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This holiday season, U.S. retail spending jumped by 4.8% year over year, covering all payment forms including cash and check. Click for more insights: https://vi.sa/4gNd0nA #ConsumerInsights #HolidayShopping #VisaEconomicInsights
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Interesting stats from Visa Consulting & Analytics (VCA)'s Retail Spend Monitor. In-Store Retail YOY spend for all payment forms including cash and check increased by 4.1%. Biggest winners are Building materials, Clothing and accessory stores, and Electronics and appliance stores.
"This holiday shopping season, we’re seeing increasing consumer confidence as people sought out in-store experiences — and went online — to purchase gifts,” said Chief Economist Wayne Best. Visa has launched its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This holiday season, U.S. retail spending jumped by 4.8% year over year, covering all payment forms including cash and check. Click for more insights: https://vi.sa/4gNd0nA #ConsumerInsights #HolidayShopping #VisaEconomicInsights
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Sharing interesting global spending trends from this holiday season. Visa's Retail Spend Monitor highlights how consumer preferences are evolving across the globe, with notable growth in eCommerce and key retail categories. Here are key insights: United States: Strong 4.8% YoY growth in overall retail spending, with eCommerce pulling up the average at 7.1% growth. United Kingdom: Retail spend growth of only 2.3%, but an acceleration from prior year. Growth driven by eCommerce which is accounted for 41% of total holiday retail spend. Australia: Strong recovery from last holiday season with 7.4% growth (up from 2.0% last year). Strong retail spend performance in eCommerce at 12.7% growth versus 4.4% face to face growth. Shoppers flocked to categories like clothing, apparel and electronics. South Africa: The market saw a significant 7.0% rise in overall retail holiday spending, with eCommerce growing at over 20%. Brazil: Leading the pack with a 12.2% jump in retail spending (more than double last year’s growth rate), with the most significant jump of 26% growth in digital goods and electronics, and 24% growth in toys. These insights underscore the growing importance of digital channels and evolving consumer preferences in retail. Check out Visa’s latest post for more on these trends. #Visa #GlobalTrends #HolidayShopping #DigitalPayments
"This holiday shopping season, we’re seeing increasing consumer confidence as people sought out in-store experiences — and went online — to purchase gifts,” said Chief Economist Wayne Best. Visa has launched its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This holiday season, U.S. retail spending jumped by 4.8% year over year, covering all payment forms including cash and check. Click for more insights: https://vi.sa/4gNd0nA #ConsumerInsights #HolidayShopping #VisaEconomicInsights
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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
"This holiday shopping season, we’re seeing increasing consumer confidence as people sought out in-store experiences — and went online — to purchase gifts,” said Chief Economist Wayne Best. Visa has launched its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This holiday season, U.S. retail spending jumped by 4.8% year over year, covering all payment forms including cash and check. Click for more insights: https://vi.sa/4gNd0nA #ConsumerInsights #HolidayShopping #VisaEconomicInsights
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The Visa Consulting and Analytics team released the first ever Retail Spending Monitor which provided a spending update during the holiday period. This update covered the first 7 weeks of holiday spending starting on November 1 and included all forms of payment on retail sales, less autos, gas, and restaurants. The resilience and confidence of the consumer continues to shine through this holiday period!
"This holiday shopping season, we’re seeing increasing consumer confidence as people sought out in-store experiences — and went online — to purchase gifts,” said Chief Economist Wayne Best. Visa has launched its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This holiday season, U.S. retail spending jumped by 4.8% year over year, covering all payment forms including cash and check. Click for more insights: https://vi.sa/4gNd0nA #ConsumerInsights #HolidayShopping #VisaEconomicInsights
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As the year draws to a close, holiday shopping trends offer valuable insights into consumer behavior and payments preferences. Visa Consulting & Analytics (VCA) conducted an in-depth analysis of payment transactions to assess customers’ behavior for the seven-week period starting November first. Overall holiday retail spending rose across all payments methods in the United States, United Kingdom, Australia, South Africa and Brazil, according to the first VCA Retail Spend Monitor. In the United States, electronics, home improvement and clothing categories saw notable growth during the seven-week shopping period. Head to Visa Perspectives to learn more! #retail #holidayshopping #economy #data #payments #fintech #Visa https://lnkd.in/guE74Nyj
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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
Visa Unwraps Insights on Holiday Spending Trends
https://canadianjeweller.com
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Visa published today its first UK Retail Spend Monitor, from Visa Consulting & Analytics, which analyses holiday season retail spend for the 7-week period starting on November 1, 2024. This comprehensive analysis provides valuable insights into consumer spending behaviours and trends, including a 2.3% rise in retail sales v 2023. https://lnkd.in/ejsiiVsU
U.K. retail spending rises 2.3%, Visa data shows | Visa Navigate
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Founder, PaymentVibes I Fractional Head of Payments I Helping Retail Brands & Merchants to get most of their payments capabilities to grow and scale | Payment Consulting | Training I Strategic Sourcing I Implementation
1wGreat insights! Payment data is incredibly valuable for understanding consumer behaviour and market trends