DUBLIN--(BUSINESS WIRE)--The "Private Label Credit Cards Update: New Opportunities, New Competitors" report has been added to ResearchAndMarkets.com's offering.
Program Innovations Keep Private Label Credit Cards Competitive in the Consumer Retail Marketplace
This research report reviews the U.S. private label credit card market and stakeholders as they adapt to changing retail and consumer interests.
In spite of their many advantages and widely deployed infrastructure, private label credit cards (PLCCs) are now subject to new competitive market forces in the U.S. market.
Yet they remain an essential credit vehicle. They have successfully been adapted and grown over decades. They continue to show flexibility as retailers refresh their offerings, and they continue to enjoy a major numeric advantage in number of accounts compared to the newer transactional credit accounts.
The analysis presented in Private Label Credit Cards Update: New Opportunities, New Competitors reviews strategic developments and product outlook for private label credit cards and their stakeholders.
The ability of the PLCC industry to remake itself and grow over the decades is remarkable, and it continues to attract new issuers and program sponsors. The competitive challenges facing retailers in adjusting the mix of online versus physical store sales creates strategic challenges for all stakeholders, commented the author of the research report. But innovative programs ensure PLCC products will keep pace with the needs of retailers and their customers.
Highlights of the research report include:
- Consumer survey data documenting U.S. cardholders' shifts in product use and inclinations to use alternative credit at checkout or point of sale (POS)
- Trends in PLCC accounts versus general purpose cards and unsecured personal loan products in the United States.
- The competitive environment of PLCC issuer competitors
- A review of the leading retailer programs and issuing partners
- Product innovations reshaping the PLCC landscape, including secured PLCCs and semi-closed loop PLCC programs
Key Topics Covered
1. Executive Summary
3. Cardholders Show Important Shifts in Product Use
- Card Product Usage
4. Enter Alternative Lending Products
5. Credit Bureau Data are Consistent with Consumer Surveys
- PLCC Account Trends
- Momentum Versus Scale
- Credit Quality
6. PLCC Issuer Competition
- Leading Retailer Programs
- Mostly the Usual Suspects
- Newsworthy from PLCC Issuers
- Alliance Data/Comenity
- Capital One
- Goldman Sachs
- US Bank
- TD Bank
List of Figures & Tables
Figure 1: Private label card use may be showing early signs of erosion to POS/checkout credit
Figure 2: Preferential users of store cards are older, middle-income, rather than young consumers
Figure 3: The majority of U.S. consumers have not used instant financing, but early users skew younger than average
Figure 4: Private label credit card accounts number leveled off following a 2018 portfolio purge of inactive accounts
Figure 5: The origination trend for personal loans exceeds the trend for general purpose credit cards, while the PLCC trend is declining
Figure 6: Unsecured personal loans remain a relatively small product category in the U.S. in number of accounts
Figure 7: Credit quality of private label and general purpose cards is converging
Figure 8: After a blip in purchase volumes, balances and volume resume their parallel growth
Table 1: Co-brand and private label card plans have similar penetration among the top 25 retailers
Table 2: Top 25 U.S. retailers and their credit card programs, excluding auto retailers, ranked 1-12
Table 3: Top 25 U.S. retailers and their card programs, excluding auto retailers, ranked 13-25
Table 4: Most issuers support a small number of large retailer programs
For more information about this report visit https://www.researchandmarkets.com/r/u8oxjx