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Posted by: thepinetree on 12/26/2018 09:39 AM Updated by: thepinetree on 12/26/2018 09:39 AM
Expires: 01/01/2023 12:00 AM
:

U.S. Retail Sales Grew 5.1 Percent This Holiday Season

Purchase, NY...A robust shopping season from before Thanksgiving through Christmas has given retailers much to cheer about this year. According to Mastercard SpendingPulseTM, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest growth in the last six years. Online shopping also saw large gains of 19.1 percent compared to 2017.





“From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated. “By combining the right inventory with the right mix of online versus in-store, many retailers were able to give consumers what they wanted via the right shopping channels.”

The Mastercard SpendingPulse report details holiday shopping from November 1 through December 24. Key findings of the report indicate that despite weather challenges, this was a winning holiday season for retail overall; however, the story was different category by category:
  • Total apparel had a strong season with a growth rate of 7.9 percent compared to 2017, recording the best growth rate since 2010. The category followed through on a strong momentum that started during the back-to-school season and accelerated through fall right up to Christmas.
  • Home improvement spending continued to surge across the U.S. with spending during the holiday season up 9.0 percent. This trend started before the holiday season and helped the sector power through to a strong finish.
  • Department stores finished the season with a 1.3 percent decline from 2017. This follows two years with growth below 2 percent, some of which can be attributed to store closings. However, the online sales growth for department stores indicated a more positive story, with growth of 10.2 percent.
  • Electronics and appliances were down 0.7 percent. The home furniture and furnishings category grew 2.3 percent.
Poor weather did pose an issue during some primetime shopping periods. This included cold weather on Black Friday morning on the East Coast and wet weather conditions the weekend of December 15-16, on both the East and West coasts. Conditions were also less than ideal on Friday, December 21, in the East, with storms that impacted the final run of the season.

###

About Mastercard SpendingPulse:
Mastercard SpendingPulse™ reports on national retail sales across all payment types in select markets around the world. 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.

About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects 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
Truth is poison to Liberals
Posted on: 2018-12-26 10:27:27   By: Anonymous
 
Trump did that!!

[Reply ]

    Re: Truth is poison to Liberals
    Posted on: 2018-12-26 10:39:40   By: Anonymous
     
    No, Americans did that. Housing and global markets slowing down, stock market has tanked, interest rates rising, the government shut down on the whim of one man's ego... one last holiday hurrah before we face the looming economic reality.

    [Reply ]

      Re: Truth is poison to Liberals
      Posted on: 2018-12-26 10:44:00   By: Anonymous
       
      Trump did what?
      Give the ignorant a lie that the economy will be good and the tax cut will put money in their pockets
      Sure am glad i am not one of these fools
      The economy is going to tank and the tax (cuts?) are one of the main reasons, and only the hillbillies believe otherwise

      [Reply ]

        Re: Truth is poison to Liberals
        Posted on: 2018-12-26 10:55:54   By: Anonymous
         
        Right, Taxes are wonderful? I think the Yellow Vesters in France are disproving your point.

        [Reply ]

        Re: Truth is poison to Liberals
        Posted on: 2018-12-26 10:57:08   By: Anonymous
         
        That's good news! Things are looking up! We as citizens need to have faith in our powers that be-our government and our economy. A liitle bit here and a little bit there (economic improvement) and it will get better. Make America Great Again and that's what we are doing. Things will get better in Calaveras too with it's growth-business, jobs, and housing and a great place for young families to raise their kids in a nice, safe and healthy environment; some decent good paying non season full time jobs with positions of integrity and productive towards our county. Happy Holidays! Remember MAGA.

        [Reply ]

          Re: Truth is poison to Liberals
          Posted on: 2018-12-26 17:25:23   By: Anonymous
           
          A great place for young families to raise their kids in a nice, safe and healthy WHITE SUPREMACISTS, RACIST environment.


          [Reply ]

            Re: Truth is poison to Liberals
            Posted on: 2018-12-26 17:33:03   By: Anonymous
             
            and some decent good paying non season full time SOCIALIST GOVERNMENT jobs (Government Center, Cal Fire, Cal Trans, Federal Forestry,) with positions of integrity ( NEPOTISM if you want job at PGE, FOUNDRY, CAL LUMBER, etc., and productive towards our county

            [Reply ]

              Re: Truth is poison to Liberals
              Posted on: 2018-12-26 18:39:11   By: Anonymous
               
              I miss Cliff.

              [Reply ]

            Re: Truth is poison to Liberals
            Posted on: 2018-12-27 08:43:24   By: Anonymous
             
            Who said anything about "white supremacist racists?" We all live in the land of equal opportunity! Wake up!

            [Reply ]


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