The problem is the abbreviation. Imagine you saw "NEWEGG" on your statement. You'd think "I didn't buy $1000 worth of computer hardware". But that transaction was actually Newton's Egg Farm and Trucking, a contractor that does grocery deliveries, and indeed you did buy $1000 worth of groceries online three weeks ago.
That's the problem here; ambiguous transaction descriptions. Sure, you don't buy clothes, so you aren't confused by an Allen Edmonds purchase being marked as American Eagle on your statement. But this can happen in many, many domains.
And to make it worse, suppose it was “NEWEGG.com”. By my reading, that’s the same as saying they’re the same company that owns that website. It removes any ambiguity, which is usually a good thing.
That's the problem here; ambiguous transaction descriptions. Sure, you don't buy clothes, so you aren't confused by an Allen Edmonds purchase being marked as American Eagle on your statement. But this can happen in many, many domains.