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Posted by: thepinetree on 12/26/2017 09:59 AM Updated by: thepinetree on 12/26/2017 10:07 AM
Expires: 01/01/2022 12:00 AM
:

Retail Sales Grew 4.9 Percent this Holiday Season

Purchase, NY...December 26, 2017 – Mastercard SpendingPulse today reports that holiday sales increased 4.9 percent this year, setting a new record for dollars spent. This is the largest year-over-year increase since 2011 and a further indication of consumer confidence. Online shopping also saw large gains of 18.1 percent compared to 2016, boosted by a late season rally.





The SpendingPulse report details holiday shopping from November 1 through December 24 and covers retail sales across all payment types, including cash and check.

Key findings of the Mastercard SpendingPulse report include:

This was a winning holiday season for retail overall, though the story was different category by category.
For many shoppers, there was no place like home this holiday season. Electronics and appliances increased 7.5 percent, the strongest growth of the last 10 years. The home furniture and furnishings category grew 5.1 percent, as did home improvement.
Specialty apparel and department stores, which both traditionally see the bulk of sales happen in-store, saw moderate gains. This is particularly impressive given recent store closings.
Retailers’ heavy early-season promotions paid off, with the first three weeks of November seeing significant jumps.
In addition, shoppers were still spending late into the season, with December 23 next to Black Friday in terms of single-day spending. This was a boon to certain categories, including jewelry. Jewelry grew 5.9 percent, largely driven by last-minute sales.
“Evolving consumer preferences continue to play out in the aisles and online sites of retailers across the U.S.,” said Sarah Quinlan, senior vice president of Market Insights, Mastercard. “Overall, this year was a big win for retail. The strong U.S. economy was a contributing factor, but we also have to recognize that retailers who tried new strategies to engage holiday shoppers were the beneficiaries of this sales increase.”

About Mastercard SpendingPulse

SpendingPulse reports on national U.S. retail sales across all payments types. The findings are based on aggregate sales activity in the Mastercard payments network, coupled with survey-based estimates for certain other payment forms, such as cash and check. In addition to the United States, SpendingPulse is available in select markets around the world.

All figures are retail excluding automotive. The weekly results that are based on the 4-5-4 retail calendar show the increased importance of the first two weeks of November.

About Mastercard

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2017-12-26 11:24:39   By: Anonymous
 
It would have gone down 4.9% if Hillart or Barry would have been in charge! When you focus on burning your neiborgoods down like Barry the Community Organizer, destroying your e-mails like Hillary, focusing on Travon, and the rest of the black thugs you come up with nothing! Thanks President Trump!

[Reply ]

    Re:
    Posted on: 2017-12-26 13:35:52   By: Anonymous
     


    [Reply ]

Retail sales.....UP
Posted on: 2017-12-27 04:34:23   By: Anonymous
 
It's because marijuana is legal. Unemployment is down big-time in Calaveras County. Thank god for Marijuana Cultivation and Alcohol Production. Without either of those great drugs, we'd be up that old S-hit Creek, paddle-less, wouldn't we? (oh paddles, I paddled Lori last night, but that's a different story)

So let's all pray that our Vineyards don't get some type of nasty blight or fungus, and pray for rain please. Keep marijuana Cultivation legal so we make money and keep out the illegals from poisoning and raping our land and leaving us with the clean up. Pray drunks don't drive drunk and they start using mouthwash after every six drinks. And pray I didn't give Lori any blisters on her behind, though her job in Angels requires standing and serving, not sitting.

I hope all of our fine upstanding citizens of Calaveras County
and surrounding communities will have prosperous and
A Happy New Year

[Reply ]


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