First Data estimates 5.4% jump in holiday retail sales [Seeking Alpha]
FIRST DATA CORP (FDC)
Last first data corp earnings: 7/25 06:50 am
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Source: Seeking Alpha
First Data estimates 5.4% jump in holiday retail salesFirst Dataestimates that retail spending increased 5.4% during the holiday season"A variety of factors created a 'perfect storm' for consumer spending this season, from low unemployment and high consumer confidence, to the soaring stock market and even good weather conditions for most of the U.S.," notes First Data's Glenn Fodor.The electronics (BBY,CONN,GME) and appliances (HD,LOW,WHR) categories stood out with growth rates of 8.3% and 6.9% respectively.The average ticket size for retail brick-and-mortar was $68.57, compared to $103.49 for e-commerce orders.Rebuilding efforts in Houston, Texas contributed to a 31% increase in building materials sales and 22% jump in furniture sales in the region.ETFs:XLY,XRT,VCR,RTH,RETL,FDIS,FXD,EMTY,RCD,PMR,CNDF,FTXD,JHMC.Click to subscribe to real-time analytics on BBYNow read:Home Depot: Beating My More Aggressive Expectations »
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