A recent Packaged Facts report ("Affluent Consumers: Demographic Patterns and Spending Trends, 7th Edition", October 2017) reveals that an ongoing change in consumer values is a major part of the evolving mindset of upper-income consumers in an age of inequality
October 24, 2017Packaged Facts examines Walmart consumers across three key retail segments: Food & Beverage, Pet Products & Services, and Financial Services.
August 8, 2018Marketers and retailers have long recognized the exceptional role Hispanic consumers play in their growth strategies. Sheer numbers are one reason. Yet, Hispanics embody far more than just an extraordinarily fast-growing population segment of the American population. They now represent a market with outsize spending power that will only continue to grow in the future.
November 28, 2016African American and Hispanic consumers are more likely than average to view debt as a necessary evil
January 11, 2019Prepaid cards are an ideal vehicle to provide Millennials with a low-cost, mobile- and tech-forward payment instrument for everyday use—a strategy not lost on market participants seeking to broaden their user base.
September 30, 2016Retailers and their private label credit card partners continue to refine their retailer-specific mobile apps, which provide a very important customer loyalty and engagement nexus that increasingly includes payment and loan options.
August 1, 2019Retailer-specific mobile apps have become an important means of consumer engagement. They have been downloaded by a majority (53%) of smartphone users, and 42% have used them in the past 30 days, according to "Private Label Credit Cards in the U.S., 10th Edition."
November 15, 2017Survey: 3% of respondent Walmart purchasers have used a Walmart tax service in the last 12 months at a Walmart store by: picking up their tax refund in cash, receiving assistance from a tax professional, or getting a tax refund advance at a Walmart location.
April 15, 2019This blog is based on the Packaged Facts report Private Label Credit Cards in the U.S., 9th Edition. Purchase a copy by Dec. 1 and receive 5% off with promo code PFPLCC1015. The movement to virtual private label cards housed within retailer mobile apps foretells the eventual demise of the physical card: Already, more than 30% of private label card issuer and program manager Alliance Data Systems’ private label card purchase value is made via card-not-present transactions. More broadly, retai...
October 13, 2015Industry watchers have debated the viability of the Costco Visa credit card program since Citi announced acquiring it, but the move could prove profitable sooner rather than later.
December 4, 2017