Q4 2012: Canadian Consumer Spending Continued To Grow
For the second year in a row, shoes topped the list of the most frequently returned items between January 2 and January 7, followed by purchases made at jewellery and department stores.
"Despite a slowdown in consumer spending during the fourth quarter, 2012 proved to be another profitable year for retailers across Canada," said Jim Baumgartner, President and CEO, Moneris Solutions. "The holiday period was particularly successful for many Canadian merchants, especially on Christmas Eve and during Boxing Week. Given current trends, we anticipate growth will continue into 2013."
About The Moneris Spending Report The Moneris Spending Report provides a snapshot of consumer spending activity in Canada by analyzing credit and debit card transaction data. As the market leader with the largest merchant base, Moneris presents detailed analysis and insight on a quarterly basis. The percentages cited are derived from actual sales volumes - the dollar values of credit and debit card transactions being processed by Moneris merchants.
About Moneris Solutions As one of North America's largest providers of payment processing solutions, Moneris Solutions Corporation ("Moneris") offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions, annually. Through its Ernex division, Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.SOURCE Moneris Solutions Corporation
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