Disney revenues indicate greater consumer confidence, need for retail point of sale software
May 09, 2013
For businesses to improve their financial results, having the right tools to support growth is a necessity. Without technological solutions, the benefits of accelerated consumer spending are likely to be lost on companies as they struggle to properly manage an influx of transactions. Fortunately, integrating such resources into the enterprise doesn't need to be costly or difficult.
With the help of advanced retail and point of sale technology, firms in all industries can ensure that payments are being correctly tracked, reducing the potential for recordkeeping errors. By automating these processes, business leaders can help their employees save time that they would otherwise spend entering or verifying information by hand, allowing them to use these hours on more pressing tasks. Additionally, having retail point of sale software can empower executives to make important decisions more confidently, as they can be positive the data they're leveraging is current and accurate.
Disney and the confident consumer
The Epoch Times recently reported that one way experts may be able to judge overall consumer confidence is by examining revenues for one of America's most powerful corporations: The Walt Disney Company. According to the business' second quarter earnings report for the 2013 fiscal year, profits totaled $1.5 billion, up 32 percent from one year prior. Revenues related to parks and resorts alone rose 14 percent for the quarter, which Disney explained stemmed from both higher attendance and greater guest spending.
The Epoch Times concluded that this information is likely indicative of more pervasive and important trends. If Americans are willing to spend more on recreational activities like taking vacations and visiting amusement parks, it's likely that their financial situations are improving. Additionally, the source pointed out that this latest report from Disney covers January through March, which is not a peak travel season. If consumers are spending more in the winter on taking trips, Disney may see even more revenue increases during the summer, which is typically the company's busiest period.
For retailers of all sizes, Disney's success could be an indicator of better times to come. As the economic outlook improves, people become willing to spend more money, even on products and services that may not be traditionally viewed as essentials. If companies want to keep up with growing demand, advanced credit card processing software should be included as part of a comprehensive business strategy.