Big Spenders Keep Retail Sector Healthy
Visa Inc. has seen a resurge of activity among cardholders. Continuing to see trends consistent to before the pandemic, the company is comfortable. Chief Executive Al Kelly seems to think that spending trends are due to demand for activities outside of the house. “We’re just not seeing these negative impacts in our numbers” he said in a FactSet transcript. “We expect no impacts on travel except for Russia and Ukraine,” he said. “We’re not expecting any spill over into negative travel trends outside of those countries.”
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