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Report: Big increase in holiday offers — and related costs
Retailers continue to launch digital deals this holiday season to snag new customers — but these efforts come at a price. Retailers’ promotional offers are eclipsing 2015 efforts. Customer orders using a promotion are up 34% versus 2015, and up 52% over the holiday season (Nov. 1-Dec. 5) versus 2015 in North America. -
Costco Visa card hits 1 million-member milestone
Costco Wholesale’s new co-branded Visa payment card is definitely resonating with shoppers. Since launching its co-branded Citi Visa Anywhere credit card in June, the club retailer reports that 1 million members signed up for the payment card. “Most of them have it in hand,” Costco’s CFO Richard Galanti said during the company’s earnings call on Dec. 7. “In terms of conversion, usage and new sign up for the card, all [is] good so far.”

