Moneris Solutions

Moneris Solutions

February 25, 2008 15:45 ET

Family Day A Fabulous Day For Merchants

Moneris data reveals that Ontario's inaugural Family Day serves to boost Ontario retail spending.

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2008) - According to data released today by Moneris Solutions, Canada's largest processor of credit, debit and gift card payments, Ontario's newly introduced Family Day holiday proved to be a huge sales success for Ontario retailers. Families enjoyed recreation and shopping and singles looked for companionship.

"Through our unique ability to gather data on spending at Ontario's merchants, we found that families did indeed enjoy some togetherness. They took in some recreation or did that necessary shopping that there's never enough time for," says Brian Green, Senior Vice President, Moneris Solutions. "Many local retailers experienced a significant spike in spending this year when compared to the same day last year."

"What we also found interesting was that dating services spending increased by 26.5 per cent," says Green. "I guess those who didn't spend time with family spent time looking for companionship."

As the nation's leading electronic payment processor, Moneris is in a unique position to examine patterns in the Canadian economy by identifying shifts in consumer buying behaviour. The Moneris data released today reveals the following:

- Movie theatre spend increased by 672.8 per cent - showing that catching a flick was hugely popular

- Bowling alley visits increased significantly by 300 per cent, a true sign of families taking advantage of the day

- Fast food up 47.9 per cent indicating that although many people had time to cook they were still on the run

- Children's/infant's clothing sales jumped a whopping 122.6 per cent, indicating that many parents devoted time to sprucing up their children's wardrobe

- Sports apparel increased by 83.1 per cent perhaps signalling a trend toward staying active on this holiday

- Shoes store sales were up by 51.5 per cent showing that families were stepping up their footwear

- Camera/photo supplies spending skyrocketed by 157.1 per cent showing a trend towards making sure all fun Family Day events were captured

Moneris Solutions offers credit, debit, wireless and online payment services for merchants in virtually every industry segment. A trusted source in the payment industry, Moneris Solutions serves more than 350,000 merchant locations generating close to three billion payment card transactions annually.

About Moneris Solutions

As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, wireless and online payment services for merchants in virtually every industry segment. Through its Ernex division, Moneris also provides electronic loyalty and stored-value card programs. With more than 350,000 merchant locations generating close to three billion payment card transactions annually, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.

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