• Finance

    Transaction data projected SFIX and RENT revenue ahead of earnings reports and now sees sales slowdown for Stitch Fix

    Last week, DTC clothing subscription companies Stitch Fix (NASDAQ: SFIX) and Rent the Runway (NASDAQ: RENT) released earnings reports showing strong revenue growth in the most recent fiscal quarter. Before these earnings reports were released, transaction data from Bloomberg Second Measure projected the quarter’s revenue within 1 percent of each company’s reported revenue. Our data … Continued
    • Finance

    Wise captures growing share of money transfers from U.S. consumers

    Options for money transfers have expanded in recent years, as peer-to-peer platforms and cryptocurrency have grown in popularity as alternatives to traditional banks. Consumer transaction data reveals that Wise, formerly known as TransferWise, has accounted for a growing share of the money exchanged by U.S. consumers using international money transfer services, overtaking more established competitors … Continued
    • Finance

    Macy’s earnings surprise signals consumers’ return to retail

    As retailers see increased traffic from shoppers returning to brick-and-mortar stores, department stores such as Macy’s are experiencing significant sales growth. In fact, Macy’s Inc.’s (NYSE: M) most recent earnings report outperformed investors’ expectations. Consumer transaction data identified growth in retail channel sales and spend migration from competitors as factors potentially driving Macy’s earnings surprise. Transaction … Continued
    • Finance

    COVID-19 Industry Tracker

    U.S. consumer spending has been altered by the coronavirus pandemic. Our data reveals that consumers are changing the way they pay for goods and services, with some industries seeing spending shift toward online purchases. Additionally, the pandemic has changed the types of purchases consumers are making, with stimulus recipients increasing their spending on big-ticket items. … Continued
    • Finance

    TurboTax supercharges its market share during 2021 tax season

    Due to the COVID-19 pandemic, the federal income tax deadline for individuals was extended for the past two years, to July 15 in 2020 and May 17 in 2021. Consumer transaction data reveals that, consequently, sales for the tax prep industry were more spread out in 2020 and 2021 compared to previous years, resulting in … Continued
    • Finance

    Ulta’s Q1 performance signals increase in beauty spend

    Increasing vaccination rates and loosening policies in regards to large gatherings and mask-wearing have re-ignited consumers’ interest in beauty products. One of the main beneficiaries of this phenomenon is Ulta Beauty, whose Q1 2021 earnings outperformed investors’ expectations. Consumer transaction data reveals that Ulta’s 2021 sales are surpassing historical performance, with sales in March and … Continued