JD.com and Alibaba create indexes to identify Chinese shoppers’ spending trends, which help retailers gain insight.
As holiday spending approaches, online sales transacted on U.S.–based Visa credit and debit cards was $1.96 billion for the week ending Nov. 7. E-commerce transactions rose 24.9% over last year, with the average ticket $78.67.
Online sales transacted on U.S. Visa credit and debit cards rose 33.4% over last year to $1.96 billion for the week ending Nov. 7, according to Visa USA. Overall, the total volume of spending on U.S.-based Visa-branded cards rose 15.7% to $22 billion for the week over the same period last year.
The number of e-commerce transactions online for the week rose 24.9% over last year to 24,921,347, with the average e-commerce ticket $78.67. Total consumer retail spending using Visa-branded cards for the week was up 7.7% to $7.3 billion, reflecting 106,525,919 transactions and an average ticket of $68.70.
Overall, the total number of transactions using Visa cards rose 19.8% to 383,665,530 over the same period last year, with the average ticket in all Visa card transactions $57.59.