Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. holiday retail sales rise 8.5% as online shopping booms -Mastercard

Economic IndicatorsDec 26, 2021 06:21PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White//File Photo 2/2

(Reuters) -U.S. retail sales rose 8.5% during this year's holiday shopping season from Nov. 1 to Dec. 24, powered by soaring ecommerce sales, a report by Mastercard Inc (NYSE:MA) said on Sunday.

U.S. ecommerce sales jumped 11% in this year's holiday shopping season, according to Mastercard SpendingPulse report https://mstr.cd/3qr4XEj, yet again underscoring the COVID-19 pandemic's role in transforming customers' shopping habits.

Shoppers also rushed to stores amid supply chain concerns as COVID-19 cases surged, sending sales at physical stores up 8.1% compared with 2020, the report added.

"Shoppers were eager to secure their gifts ahead of the retail rush, with conversations surrounding supply chain and labor supply issues sending consumers online and to stores in droves," senior advisor for Mastercard Steve Sadove said in a statement.

Holiday e-commerce sales made up 20.9% of total retail sales this year, the data showed, noting that the sector continues to see growth as consumers enjoy the ease of browsing and buying in the comfort of their homes.

Segments such as jewelry and electronics continued to post growth, with jewelry sales surging 32% and electronics sales climbing 16.2% from 2020 levels, the report said.

The SpendingPulse report tracks spending by combining sales activity in Mastercard's payments network with estimates of cash and other payment forms but excludes automobile sales.

U.S. holiday retail sales rise 8.5% as online shopping booms -Mastercard
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (9)
William Bailey
William Bailey Dec 26, 2021 8:23PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Lol. Totwlly manipulated data …. Hardly anyone shopped retail in stores last year !! 8.1 percent greater than not much !!
ZS Beck
ZS Beck Dec 26, 2021 7:41PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Buy now Biden bail out later.No problem
as beri
as beri Dec 26, 2021 7:27PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Please don't be so cruel with the author, this article is regarding retail sales report made by Mastercard. Report is not about inflation as Mastercard did not calculate it and maybe is not available for their exact report period excluding automotive. Of course you are free to give an estimation of data including inflation. 11% up is better than zero or 11% down.
William Bailey
William Bailey Dec 26, 2021 7:27PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hogwash
Mark Kim
Mark Kim Dec 26, 2021 7:12PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
ask the buy now pay later companies. 53% missed payments. 33% have already defaulted
Steffen vdm
Steffen vdm Dec 26, 2021 4:27PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
11-23% up. What a coincidence. Didn't inflation go up that range?
Rod Deh
Rod Deh Dec 26, 2021 4:27PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
uh no
adriaan kuhn
adriaan kuhn Dec 26, 2021 4:10PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
all is fair in spreading fud about how good the economy is....
Chad RicherThanYou
Chad RicherThanYou Dec 26, 2021 3:12PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
China is loving all these american consoomers giving them fiat dollars. China is building the largest infrastructure project in world history and stockpiling gold.
TJ Theodore
TJ Theodore Dec 26, 2021 2:44PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
And the majority of profits are headed back to China, where they make stuff.
Chris Kellerman
Chris Kellerman Dec 26, 2021 12:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The good old christmas scam
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email