ATLANTA – Consumer spending in New England has been suppressed by this past winter’s weather, according to a report released last week by First Data Corp., a global payment-technology company.
The report said that merchants saw a 6.2 percent drop in overall spending from Jan. 24-Feb. 22. Nationally, consumer spending increased 1.5 percent during the same period.
PBN Branded Content
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
Learn More
The retail category in New England impacted the most by the snow was furniture and home furnishings, down 14.7 percent.
The report said that there were winners in the retail mix, including grocery stores, which experienced a 7.9 percent increase in spending. •
- Advertisement -
