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Sensibill Releases The Barcode Report on Home Improvement Spending TrendsSensibill, the leading provider of everyday financial tools and SKU-level insights, shares this month's Barcode Report on home improvement trends, leveraging item-level receipt data to deliver the world's deepest and most relevant insights into everyday consumer spending. The Barcode Report transforms the SKU-level data derived from digital receipts into consumable and actionable facts, providing organizations with rich information about consumers' spending habits, life stages and psychographics, such as values and lifestyles. In this report, Sensibill focuses on both U.S. and Canadian consumer spending behaviors around home improvement projects, while also leveraging the data to predict future trends. The company looked across millions of receipts, each from Canada and from the U.S. It defined pre-pandemic spending as 2019 through the end of February 2020 and the onset of the pandemic as March 2020 through March 2021. U.S. Key Takeaways:
Izabella Gabowicz, Chief Operating Officer at Sensibill, "Receipts provide more than surface-level information; data collected from them can bring value at an ecosystem level, helping to create differentiating and personalizing customer experiences across any industry. To understand what people value and need, organizations must know how they spend their time and money. Our monthly Barcode Report gives companies greater visibility into consumer spending habits and behaviors, allowing them to better understand customers' preferences and needs." Please click here to find the U.S. version of the May report and here for the Canadian edition. About Sensibill Sensibill provides everyday financial tools and makes SKU-level data actionable, equipping financial institutions with personalized insights to help their customers build healthier financial habits. The AI-powered solution enables end-users to easily track their spending and manage their finances while unlocking unprecedented insights for the institution. Sensibill has rolled out its technology to over 60 million users across North America and the U.K. Visit getsensibill.com to learn more.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210506005738/en/ |