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U.S. holiday retail sales up 3.4%

Time : 2019-12-26 Hits : 74

Purchase, NY – The verdict is in: Holiday retail sales rose by 3.4%, with online sales climbing a record 18.8% year over year.
This is according to Mastercard SpendingPulse, which today released its findings on this season’s overall retail spending trends across all payment types, including cash and check.



“E-commerce sales hit a record high this year with more people doing their holiday shopping online,” said Steve Sadove, senior advisor for Mastercard and former CEO and chairman of Saks Incorporated.
By comparison, 2018’s online sales increased 18.4%.



“Due to a later-than-usual Thanksgiving holiday, we saw retailers offering omni-channel sales earlier in the season, meeting consumers’ demand for the best deals across all channels and devices,” he added.

The Mastercard SpendingPulse report details holiday shopping from November 1 through December 24. Other key findings include:



●The home furniture and furnishings category grew 1.3%

●Department stores saw an overall sales decline 1.8% and online sales growth of 6.9%, “emphasizing the importance of omni-channel offerings”

●Holiday e-commerce sales made up 14.6% of total retail

●E-commerce share of overall retail spend was 15.4% on Black Friday and 24.5% on Cyber Monday.



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