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World Cup Fans Drive Spending Surge In These US Host Cities
World Cup Fans Drive Spending Surge In These US Host Cities
Bank of America has released new aggregated credit and debit card data showing that the World Cup is already driving a noticeable increase in retail spending activity across the tournament's 11 U.S. host cities.
According to BofA analyst Aditya Bhave, brick-and-mortar spending at restaurants and bars in host cities rose 5.3% year over year in the three weeks ending June 27, outpacing the 3.8% gain seen across the rest of the U.S.
Bhave noted that other forms of brick-and-mortar retail...
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