Reuters and Mastercard join forces to deliver new benchmark US retail sales data
US retail sales data exclusively on Reuters, ahead of traditional statistics
New York – Reuters (LSE: RTR, NASDAQ: RTRSY) today announced an agreement with MasterCard Advisors LLC, the global professional services organization of MasterCard International, to provide a U.S. retail economic service exclusively to Reuters clients. The service, known as SpendingPulse™, provides granular measures of the U.S. retail economy, both nationally and regionally, with a degree of speed and a level of detail surpassing spending data estimates from traditional sources.
Using estimates of retail payments including cash and check volumes together with adjusted spending information based on aggregated sales activity through the MasterCard network, MasterCard is able to provide an accurate snapshot of U.S. economic retail sales performance and trends.
Since 2004, SpendingPulse reports have been available through a subscription
service. Reuters will now provide exclusive access to SpendingPulse reports
through Reuters 3000 Xtra, Reuters Station, and Reuters Knowledge screens. Twice
a month, customers will receive reports which include information such as:
• National and regional retail sales performance each month, before comparable
government estimates are released;
• Industry sector data such as sales of electronics, furniture, restaurants,
retail apparel, transportation and others;
• Sales and distribution channel breakdowns such as retail sales online.
Julie Holland, Global Head of Research and Asset Management at Reuters, comments: “This deal illustrates our growth strategy of focusing on high value content to provide enhanced market insights in order to supplement the news, company information, research and analysis that we currently provide.
“We are delighted that the SpendingPulse data will now be available exclusively to our customers, further enabling them to make timely investment decisions.”
Jim Thomas, Global Practice Leader, MasterCard Advisors, said: “MasterCard Advisors has the ability to access and analyze information in a way that gauges the true economic landscape. We are excited that we can now provide customers with our U.S. economic data through Reuters world-class distribution network.
“For years, professionals have relied on U.S. retail spending data that has been subject to restatements and recommendations made before final economic data became available. Now timely SpendingPulse information will be readily available through Reuters extensive global distribution network, providing accurate retail spending reports for banking, economic, investment, retail and other industry professionals alike.”
Ends
For further information contact:
Yasmeen Khan
Reuters media relations
+ 44 207 542 0496
yasmeen.khan@reuters.com
Veronika Clough
MasterCard International
+1-914-249-3198
veronika_clough@mastercard.com
Meir Kahtan
+1-212-727-4753
mkahtan@rcn.com
Notes to Editor:
Since 2004, monthly SpendingPulse reports have been delivered as a retail
spending data subscription service that provides information on the performance
of the U.S. economy, both nationally and regionally. The reports are issued days
or weeks ahead of alternative retail sales data sources such as the U.S.
Department of Commerce (DOC). The SpendingPulse reports are based on aggregated
sales activity in the MasterCard U.S. payments network coupled with estimates on
all other payments forms, including cash and check. MasterCard Advisors adjusts
out MasterCard-specific variables. SpendingPulse's accuracy is measured by its
high correlation to the DOC final estimates.
About Reuters
Reuters (www.reuters.com), the global
information company, provides indispensable information tailored for
professionals in the financial services, media and corporate markets. Its
trusted information drives decision making across the globe based on a
reputation for speed, accuracy and independence. Reuters has 15,300 staff in 89
countries, including staff from the acquisition of Telerate in June 2005. It
also includes 2,300 editorial staff in 189 bureaux serving 128 countries, making
Reuters the world's largest international multimedia news agency. In 2005,
Reuters revenues were £2.4 billion.
Reuters and the sphere logo are the trade-marks of the Reuters group of
companies.
About MasterCard Advisors
MasterCard Advisors, LLC, an affiliate of MasterCard International, is a global
professional services organization offering payments-related consulting,
information and outsourcing. Through a worldwide network of expert consultants,
MasterCard Advisors offers a depth and breadth of services and customized
solutions for helping clients grow and create value from their cards and
payments businesses. For more information about MasterCard Advisors, go to
www.mastercardadvisors.com.
About MasterCard International
MasterCard International is a leading global payments solutions company that
provides a broad variety of innovative services in support of our global
members' credit, deposit access, electronic cash, business-to-business and
related payment programs. MasterCard manages a family of well-known, widely
accepted payment card brands including MasterCard®, Maestro® and Cirrus® and
serves financial institutions, consumers and businesses in over 210 countries
and territories. The MasterCard award-winning Priceless® advertising campaign is
now seen in 105 countries and in 48 languages, giving the MasterCard brand a
truly global reach and scope. For more information go to
www.mastercardinternational.com.