Reported 1 day ago
Mastercard's SpendingPulse report indicates that US holiday retail sales from November 1 to December 24 rose by 3.8% compared to 2023, driven by last-minute shopping and online purchases in categories like apparel, electronics, and jewelry. This increase surpassed earlier forecasts and last year's growth, showcasing healthy consumer finances amidst a low unemployment rate and rising wages. Retailers utilized promotions and improved online services to attract shoppers, with online apparel sales climbing by 6.7%. Overall, the trend reflects a shift toward more digital-first shopping behaviors, despite a shorter holiday season.
Source: YAHOO