Holiday Sales Up 3.6% (holidays, statistics, compare, vs)
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There is very little difference between Visa and Mastercard.
There is a HUGE difference between Visa and Mastercard
Mastercard market value = $33.3Billion
Visa market value = $64.4Billion
If you guys think that Visa/MC sales are representative of the economy, then tell me why they both had 10% increased in sales through 2008/2009 while the economy tanked? It just means people are moving other payments to these credit cards. AMEX for example is seeing a 15-20% decrease in revenues..
The 3.9% is between 2009 and 2008. But don't forget that between 2008 and 2007 the loss was 50%. Yes it's up, but it's up against the worst year ever (2008) for Christmas shopping.
This might be another indication that we've hit bottom.
And its only up because they are taking market shares from other credit card companies.
Amex for example, down 15-20%.
this can not at all be seen as evidence that its a recovery.. Its simply a sign that more people are using credit, just like they did through the economic down years..
How so? A credit card is a credit card, similar interest rates, just a matter which credit card company a person prefers.
Because Mastercard sales increased even in years where the economy was awful and tanking...
2006 - $3.3B
2007 - $4.1B
2008 - $5.0B
2009 - $5.1B
2010 - $5.6B
Sales increased even when the GDP was going down.
If your theories that MC sales increases = economic recovery, then you need to explain to me why sales increased during the down years of the economy..
Because Mastercard sales increased even in years where the economy was awful and tanking...
2006 - $3.3B
2007 - $4.1B
2008 - $5.0B
2009 - $5.1B
2010 - $5.6B
Sales increased even when the GDP was going down.
If your theories that MC sales increases = economic recovery, then you need to explain to me why sales increased during the down years of the economy..
Do you have the breakdown for VISA? Btw nowhere did I say MC sales = economic recovery, try putting words in someone elses mouth.
The 3.9% is between 2009 and 2008. But don't forget that between 2008 and 2007 the loss was 50%. Yes it's up, but it's up against the worst year ever (2008) for Christmas shopping.
This might be another indication that we've hit bottom.
2008 was NOT the worst year ever for Christmas shopping. Ugly as it was, when all was said and done it turned out that sales were roughly equivalent to what they had been mid-decade. Still - ANY year that doesn't show an increase is considered a disaster (in part because it doesn't even keep up with population growth).
"In 2008, holiday sales declined 3.4% to $441.97 billion (pg. 6), the first year NRF has seen a decline since it began tracking retail industry sales in 1992. On average, holiday sales have increased 3.39 percent per year for the last ten years."
2008 was the worst sales in 40 years. Being up 3.6% from that was good news but nothing to take your clothes off and run across the football field for.
Dec. 29 (Bloomberg) -- U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years.
2008 was NOT the worst year ever for Christmas shopping. Ugly as it was, when all was said and done it turned out that sales were roughly equivalent to what they had been mid-decade. Still - ANY year that doesn't show an increase is considered a disaster (in part because it doesn't even keep up with population growth).
"In 2008, holiday sales declined 3.4% to $441.97 billion (pg. 6), the first year NRF has seen a decline since it began tracking retail industry sales in 1992. On average, holiday sales have increased 3.39 percent per year for the last ten years."
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