19-8-2021
Jewellery sales in the United States posted an 82.6 percent yoy growth in July, according to the latest Mastercard SpendingPulse survey. Spending in jewellery rose 54 percent compared to the pre-pandemic period of July 2019.
Overall retail sales, excluding auto and gas, climbed 10.9 percent yoy. July marked the 11th consecutive month of retail sales including both brick-and-mortar and online sales growth in the country. Despite e-commerce is on fire, customers are flocking to have in-store experience, as reflected in the survey. In-stores sales accounts for 81.9 percent of total retail sales and up 15 percent yoy in last month.
Bricklin Dwyer, Mastercard’s chief economist and head of the Mastercard Economics Institute, said in a statement, “Combined with greater savings and higher demand, the child tax credit has provided a boost for families and is putting more money into retailers’ pockets.”
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