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Report: December saw slowest spending growth in three years
Atlanta -- Consumer spending reached a three-year low during the month of December, according to a report released Thursday by First Data Corp.
First Data’s SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.
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ShopperTrak: December 2012
Total U.S. Shopper Traffic in Retail Stores and Malls for December 2012
Holiday shopping reached its seasonal peak in December, driving a 36.6 percent retail foot traffic increase over November. Further, December 2012 continued a trend of year-over-year improvements in the number of shoppers visiting stores with a 1.2 percent increase in foot traffic when compared to the same month last year.
