Visa Analysis: U.S. Rings in Holiday Retail Spending Growth

Dec 23, 2024 · Visa, a global leader in digital payments, today announced its first Retail Spend …

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Visa Inc (V) Reports 4.8% Increase In U.S. Holiday Retail Spend

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Holiday Retail Trends: Visa's Insights Into Consumer Spending

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Dec 23, 2024 · Explore Visa's Retail Spend Monitor highlighting a 4.8% growth in U.S. holiday …

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FAQs about Visa Analysis: U.S. Rings in Holiday Retail Spending Growth Coupon?

What is the visa retail spend monitor?

Visa Inc. V recently unveiled its inaugural Retail Spend Monitor, an initiative by Visa Consulting & Analytics (VCA). The report reveals 4.8% year-over-year growth in U.S. holiday retail spending across all payment methods, signaling strong consumer confidence and adaptability in the market. ...

How did US holiday spending perform this year?

T his year's U.S. holiday spending showed strength in in-store purchases, consistent electronics growth and a jump in clothing and accessories purchases this season, Visa (NYSE: V) said Monday when issuing its Retail Spend Monitor from Visa Consulting & Analytics. ...

How strong is visa consulting & analytics business?

The VCA Retail Spend Monitor report shows the strength of Visa Consulting and Analytics business. In fiscal 2024, VCA delivered 3,000 plus consulting engagements, doubling year over year, and aided clients in achieving an estimated $5 billion in incremental revenues. ...

How does holiday spending compare to online spending?

Out of the total holiday spend in the U.S., 77% of total payment volume was in store, compared with 23% online. In-store spending rose 4.1% Y/Y, accelerating from 1.6% in 2023. Electronics sales grew at a rate of 4.2%, rising from 2.8% last year. Clothing and accessories spending surged 5.0%, up from 2.4%. ...

Did e-commerce lead to a surge in holiday spending?

Other retail analysts have also highlighted a surge in digital shopping, and credited e-commerce with capturing most of the growth in holiday spending. Online spending jumped 7.1% year-over-year while in-store spending rose 4.1%, Visa said. ...

How did online spending compare to in-store spending?

Online spending jumped 7.1% year-over-year while in-store spending rose 4.1%, Visa said. Sizable sales jumps occurred in clothing and accessories (5.0%), building materials (4.7%), and electronics (4.2%), Visa said. ...