-
First Data: Card spending growth inched lower in June as consumers remained cautious
Atlanta -- A report by FirstData Corp. found that year-over-year dollar volume growth was 6.4% in June, down from May’s 7.0% growth as continuing high unemployment and economic anxiety caused consumers to pull back on spending. The report tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.
-
PriceSmart Q3 profit falls 4%
San Diego – Warehouse club operator PriceSmart Inc. reported Tuesday that net income for the third quarter slipped 4% to $15.7 million, compared with $16.3 m million last year.
Revenue rose 18% to $506.8 million from $431.1 million, missing Wall Street’s forecasted $508.2 million. Same-store sales increased 12.9%.