The Core

Why We Are Here => Economics & Investing => Topic started by: rcjordan on December 20, 2019, 01:49:52 PM

Title: Consumer credit/debit cards narrow gap between online and in-store purchases
Post by: rcjordan on December 20, 2019, 01:49:52 PM
https://www.axios.com/record-out-of-store-spending-2914ee3a-615f-44bb-8a27-e135dd2cdf48.html
Title: Re: Consumer credit/debit cards narrow gap between online and in-store purchases
Post by: Drastic on December 20, 2019, 03:48:37 PM
"For the first time, the value of online purchases with debit and credit cards in 2018 nearly equaled that of in-person card spending, according to a new report from the Federal Reserve, which cites the latest data available."

Wow
Title: Re: Consumer credit/debit cards narrow gap between online and in-store purchases
Post by: ergophobe on December 20, 2019, 08:51:13 PM
Makes me wish there was an easy way to sort my own data. The thing is, I'm more likely to have big purchases online. So I put two pints of ice cream ($12.58) on my card last week. I put a barrel sauna ($4900) on my card back in october. That's a lot of ice cream.,
Title: Re: Consumer credit/debit cards narrow gap between online and in-store purchases
Post by: rcjordan on December 21, 2019, 06:05:18 PM
Interesting tidbit;

"For every 1% increase in online sales, roughly 8,000 to 8,500 stores will shutter, particularly clothing retailers, consumer electronics companies and home furnishing businesses."

7 popular retail brands that may be on the brink of disappearing
https://www.cnbc.com/2019/12/21/victorias-secret-jc-penney-among-retailers-closing-stores-in-2020.html