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Posts with tag: mastercard | Return to ShoppingBlog.com Homepage

Late Season Surge Helps Retail Sales Gain 3.6% Over Last year

Bloomberg reports that data from MasterCard Advisors' SpendingPulse indicates that holiday retail sales climbed 3.6% over 2008's sales. Electronics were up 5.9% compared to the year before.
A jump in purchases the week before Christmas helped year-over-year electronics sales increase 5.9 percent from Nov. 1 to Dec. 24, MasterCard Advisors' SpendingPulse said in a statement. Jewelry and luxury sales also gained, the research firm said.

The increase may signal that revenue at retailers will beat trade groups’ forecasts for the two-month period ending Jan. 2. Shoppers resumed purchasing this season as consumer confidence rebounded from a record low in February.

"We saw a nice little surge toward the end of the season," with the pace picking up Dec. 22, 23 and 24, said Michael McNamara, a vice president for research and analysis at SpendingPulse, in a Bloomberg Television interview today. "Last year, we were in critical condition, this year, in stable."
This is good news if it is confirmed by other holiday retail data. The National Retail Federation (NRF) - which predicted sales would decrease 1% this holiday season - has not yet reported data on holiday sales for 2009.

Posted on December 28, 2009
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MasterCard: Luxury Spending Declining Less Slowly

Bloomberg reports that MasterCard sees luxury spending declining less slowly than before.
"Things have stopped getting worse," Jorn Lambert, head of the credit-card company's "core products" for Europe, said on the sidelines of a luxury industry conference in Monaco today. The 17 percent year-on-year drop was smaller than the figure for April, he said.

U.S. spending via MasterCard fell 8 percent in the first quarter of 2009, Lambert said. About 1.6 billion cardholders spend $2.5 trillion a year through their MasterCards.

Lambert said MasterCard compiles the data by tracking the 10 percent of U.S. retailers selling apparel or leather goods, including department stores, with the highest retail price.
Most of the news in the consumer spending, jobs and housing categories are that things are getting less worse. These are positive signs the economy is stabilizing and possibly nearing a bottom. How long we are going to stay at the bottom is currently a matter of debate among economists.

Posted on June 15, 2009
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Roberto Cavalli Launching New Credit Card

Roberto Cavalli Credit Card


Roberto Cavalli's new credit card with snakeskin print is generating a lot of buzz see here, here, here, here, here, here, here, here, here, here, here and here. WWD says the card will debut in March at Milan Fashion Week. Cavalli's Mastercard will be available in Roberto Cavalli boutiques and online at robertocavallicard.com - although the website just forwards to robertocavalli.com for now.

About his new credit card Cavalli said, "I love to immerse myself in new projects — they stimulate my creativity." Cavalli also says the card is for those who "thrive upon excellence, elegance and quality."

Posted on January 10, 2009
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