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Canadian Merchant Industry News

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Industry News

Green Monday marks heightened ecommerce

By Joseph Trigliari

Green Monday, the second Monday in December, marks a large amount of online payment processing.

14/12/2010 - Online spending has increased this holiday season, according to a report recently released by comScore, which provided data on ecommerce spending for the first 40 days of the November - December holiday season.

More than $21.95 billion was spent online during this period, the study reports. The first week of December showed strong ecommerce numbers as well and are expected to increase with the arrival of Green Monday, the name for the second Monday of December. Ebay coined the term Green Monday because it marks one of the heaviest online payment processing days of the year.

"Americans continue to demonstrate a significantly greater willingness to spend online this year than in seasons past. This coming week, beginning with Green Monday, should see some of the heaviest online shopping activity of the season, and we expect at least one more day to surpass the billion dollar spending threshold," said comScore chairman Gian Fulgoni.

Green Monday is a big day for shipping as well, CBS News reports, and FedEx notes that it is one of its busiest days of the year.

NRF announces 22 months of growth for retailers

17/05/2012

The National Retail Federation (NRF) recently announced that despite slowed consumer spending in April, retailers have now experienced 22 consecutive months of sales growth.

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Canadian Tire reports profit increase

11/05/2012

Canadian Tire, one of the country's largest retailers, recently reported strong gains in revenue and same-store sales for the first quarter, according to Reuters.

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Mother's Day gifts expected to drive consumer spending

07/05/2012

According to the Bank of Montreal's (BMO) 2012 Mother's Day Survey, 73 percent of consumers plan on buying gifts for their mother's this year, driving sales at retailers' and restaurants' point-of-sale terminals.

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