The strong spending volume Visa is experiencing, and the trends we've seen leading up to Thanksgiving, bode well for merchants this holiday season.
More Quotes from Wayne Best:
Spending should remain strong in the days following the holidays as consumers look for post-holiday sales, and begin using their gift cards.Wayne Best
The key factors helping to buoy spending over the November-December gift-buying period were continued employment gains coupled with a steep reduction in gas prices.
Wayne Best
Consumers continued to spend right up to Christmas. Considering the post-holiday sales over the next few weeks and consumers' eagerness to purchase items they may not have received during the holidays, we expect that spending in the final days of 2004 will continue to rise.
Wayne Best
Consumers continued to shop right up until the very last minute on Christmas Eve as seen by our spike in sales.
Wayne Best
Once again, we see clear evidence of a consumer that is generally resilient and comfortable with their financial position.
Wayne Best
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You can observe a lot by just watching.
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