Even though the weekend after the Thanksgiving holiday last year had pretty strong sales volume, card processor First Data reported that the same weekend this year posted even stronger sales gains.
In addition to helping boost the economy, the increased sales activity often means credit unions and other card issuers see greater income from credit and debit card interchange.
"Retail year-over-year dollar volume growth on Thursday-Friday was 6.3% and transaction growth was 7.3%," First Data reported from its SpendTrend analysis of card activity over the shopping weekend. "This performance was especially impressive in light of tough comparables for Black Friday 2010, when dollar volume growth was quite strong.
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