2019 holiday shopping results so far: Members spend more, shift to digital channels

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Thanksgiving holiday shopping weekend – Thanksgiving Day through Cyber Monday – has become the busiest time of year for U.S. retailers and consumers. This year nearly 190 million consumers shopped over the five day period, representing a 14 percent increase from last year.Credit union members closely followed this trend, according to our latest analysis of CO-OP Credit and Debit transactions over the holiday shopping weekend.  Credit cardholders spent an average of $323 over the five-day period, up more than 10 percent over last year’s average of $292. For their part, debit cardholders spent an average of $264 from Thanksgiving Day through Cyber Monday, an increase of nearly 17 percent (+16.8%) over the same period in 2018.Knowing how and where members are spending during busy shopping periods like Thanksgiving Weekend is valuable intelligence to a credit union. For one, it helps you better understand your members, what they value and which channels they prefer to use. It can also help inspire ideas for customized marketing campaigns and promotions that help drive your credit and debit cards to the top of your members’ wallets.Here were the key findings from our 2019 Thanksgiving Weekend Shopping Analysis: continue reading »last_img read more

How the Nasdaq and tech stocks became the winner on election night

first_imgThere might not have been a winner in the presidential election on Tuesday night, but there was a winner in the financial markets: the Nasdaq 100 and tech stocks broadly.Futures contracts tied to the Nasdaq 100 index jumped as much as 4% in overnight trading on Tuesday amid a volatile trading session that saw Dow futures register a nearly 800-point swing from high to low. Through the whipsaws, the Nasdaq 100 remained the relative outperformer. – Advertisement – – Advertisement –center_img The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019.Regis Duvignau | Reuterslast_img