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Reuters Retail Deal to Provide 'Enhanced Market Insights'
Information giant Reuters has announced an agreement with MasterCard Advisors LLC, part of MasterCard International, to provide clients with snapshots of US economic retail sales performance and trends. The service, known as SpendingPulse(TM) will provide both national and regional estimates.
Reuters promises 'a degree of speed and a level of detail surpassing spending data estimates from traditional sources'. SpendingPulse will use estimates of retail payments including cash and check volumes together with adjusted spending information based on aggregated sales activity through the MasterCard network.
SpendingPulse reports have been available through a subscription service since 2004, but will now be exclusively available through Reuters 3000 Xtra, Reuters Station, and Reuters Knowledge screens. Twice monthly updates will include details of 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; and sales and distribution channel breakdowns such as retail sales online.
Julie Holland, Reuters' Global Head of Research and Asset Management, says the deal illustrates the company's focus on 'high value content to provide enhanced market insights in order to supplement the news, company information, research and analysis that we currently provide.'
Reuters, which has 15,300 staff in 89 countries and 2005 revenues of £2.4 billion, is online at www.reuters.com. MasterCard Advisors is a global professional services organization offering payments-related consulting, information and outsourcing and is on the web at www.mastercardadvisors.com
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