CrossCheck Blog

The 2022 NADA (National Automobile Dealership Association) conference in Las Vegas is in full swing and CrossCheck is there to offer payment solutions to dealers and customers alike. Those in attendance should visit our booth (4358W) to get in-person information on how our products and services can facilitate and complete sales.

According to a recent survey by LendingClub and PYMNTS, 61 percent of Americans report that they are living paycheck to paycheck. Perhaps the most astounding statistic to come out of the survey, however, is the fact that 48 percent of respondents making $100,000 or more also say they live paycheck to paycheck.

Companionship has been at a premium since the beginning of the Covid pandemic and people have adopted new pets at a rate never before seen. I wrote on this blog about veterinary care earlier this month but it is incomplete without taking into account the extraordinary sales boost the largest pet supply retailers have enjoyed since the beginning of the pandemic, not only from food and treats, but larger ticket items like grooming, boarding, and even in-store vet services.

Seven-year-old Ralph (or Ralphie, as his friends call him) comes into your office. You’re his optometrist and you’ve just fitted him for his first pair of glasses. Ralphie has struggled in school because of headaches and vision problems, which in some cases have even resulted in behavioral problems because he feels unsure whenever he is asked to read something off the board at the front of the classroom.

A recent study by the federal Consumer Financial Protection Bureau (CFPB) has determined that the issuance of credit cards has declined significantly since the start of the COVID pandemic. According to the study, the success rate of credit card applications dropped from 45 percent in January 2020 – the start of the COVID pandemic – to approximately 30 percent a few months later.

It is common knowledge that furniture sales spike immediately after the holidays as stores slash prices in preparation of new styles and inventory that typically arrive in January and February. When store owners put out the large “For Sale” signs, tie balloons to their front façade (not to mention placing the occasional inflatable sky dancer in the parking lot), they are hoping for a rush so they can clear out the sales floor ahead of new inventory arrivals.

John is a building materials supplier. He has just received a wish list of innovative materials from a general contractor who is building an office and lab for a tech manufacturer. John knows the wish list is expensive but is excited to be part of creating what promises to be a structure that will revolutionize the construction industry and hoist it into tomorrow.

The 2019 holiday season sales are expected to increase over last year, the 11th consecutive year they have done so since the Great Recession of 2007. More specifically, according to the National Retail Federation (NRF), holiday retail sales during November and December are expected “to increase between 3.8 percent and 4.2 percent over 2018 to a total of between $727.9 billion $730.7 billion.” These trends mirror economic improvements in the stock market as well as unemployment rates, giving merchants one more reason to anticipate greater holiday revenue.

The Fall 2018 edition of the National Retail Federation’s “Consumer View” focuses on the increase in consumers engaged in value shopping. “Beyond the Bargain Bin: The Rise of the Value-Conscious Shopper” was compiled after the organization surveyed over 3,000 U.S. adults to gather data on their shopping behavior and attitudes. “Consumers’ choices in terms of where, how and why they buy are redefining retail and creating a new playbook for the industry,” stated the National Retail Federation (NRF). Learning the shifts in the consumers' shopping patterns by demographic breakdown is useful for retailers as they search for new ways to increase sales revenue.

Father’s Day spending in the U.S. is expected to reach a record high of $15.5 billion, the National Retail Federation (NRF) reports. To celebrate father figures, home improvement stores can present simple DIY backyard projects that families can complete over the holiday (Sunday, June 17, 2018) weekend, and promote the campaign with the effective multi-media marketing efforts suggested below.