TransUnion Research Quantifies How Social Distancing is Changing Shopping Patterns
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: GlobeNewswire
CHICAGO, March 24, 2020 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23% increase in e-commerce transactions in the week following the World Health Organization declaring the novel coronavirus outbreak a pandemic on March 11th compared to the average weekly volume in 2020. “It is clear that social distancing has changed consumer shopping behaviors globally and will continue to do so for the foreseeable future,” said Greg Pierson, senior vice president of business planning and development at TransUnion. “No doubt fraudsters will continue to follow the trends of good consumers and adjust their schemes accordingly.” In a recent survey of 1068 Americans 18 and older, TransUnion found 22% have been targeted by digital fraud related to COVID-19. TransUnion’s findings come as it releases its Global E-commerce in 2020 report. In the report, Tr
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