Consumers spent at higher levels than a year earlier in the week after Thanksgiving which traditionally has more online transactions, following a weak comparison for Thanksgiving week, according to a PSCU report released Monday.
The St. Petersburg, Fla.-based payments CUSO's Transaction Trends Update also found improvement for consumer spending on goods during holiday season both via credit cards and debit cards.
In 2019, consumers followed the pattern of heavy in-store traffic on Thanksgiving and Black Friday. This year, consumer in-store traffic remained low with rising COVID-19 cases.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
