Moneris Spending Report shows an overall spending increase of nearly 8 per cent over
the same day last year
Feb. 22, 2013
/CNW/ - Merchants across
were feeling especially loved this
, according to Moneris Solutions Corporation ("Moneris"),
largest credit and debit card processor. The Moneris Spending Report reveals that purchases made on
increased by an impressive 7.84 per cent nationally, compared to the same day last year.
Alcohol led the way in spending, with a 52 per cent increase compared to the same day last year, followed closely by hotels and entertainment, at 45.06 per cent and 34.08 per cent, respectively. Specifically within the entertainment category, catching up on the latest romantic comedy was a popular
activity this year, as movie theatre ticket sales skyrocketed by 247 per cent, compared to 2012. Tickets to theatrical productions also increased significantly compared to the same day last year, by 107.97 per cent.
On the other hand, cosmetic stores saw their sales drop by -2.36 per cent, compared to the same day last year. Tourist attractions, such as museums and art galleries, remained fairly consistent with a 0.14 per cent increase in the total volume of spending when compared to
Manitobans were the most generous valentines in 2013, as the province experienced a 19.38 per cent increase in total
spending compared to the previous year, followed by Québec and
at 14.58 and 10.94 per cent, respectively.
showed a very modest spending growth of 4.39 per cent compared to 2012.
Not surprising, overall spending on
was up 9.20 per cent compared to the previous Thursday, with the restaurant category experiencing the highest level of growth at 60.68 per cent, followed by apparel at 19.61 per cent. While flowers remained a hugely popular specialty retail item on
- with an impressive spike in sales of 362.96 per cent compared to
- florists experienced very little sales growth (at 3.83 per cent), compared to the same day last year. Jewellery sales - another popular retail item - also grew by 150.94 per cent compared to the previous Thursday and by 12.46 per cent compared to
spending seems to indicate that consumer confidence in
is holding strong," said
, Vice President of Marketing, Moneris Solutions. "We anticipate this economic trend to continue as we round out the first quarter of 2013."
About The Moneris Spending Report
The Moneris Spending Report provides a snapshot of consumer spending activity in
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
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
SOURCE Moneris Solutions Corporation