29-12-2017
Mastercard SpendingPulse survey reported on 26 December 2017 that jewellery sales in the United States increased six percent this holiday season, largely driven by last-minute sales.
During the holiday shopping period from 1 November to 24 December 2017, total retail sales grew 4.9 percent, the largest year-over-year increase since 2011. “Online shopping also saw large gains of 18.1 percent compared to 2016, boosted by a late season rally,” the report said.
Sarah Quinlan, senior vice president of market insights for Mastercard said: “Evolving consumer preferences continue to play out in the aisles and online sites of retailers across the United States. Overall, this year was a big win for retail. The strong US economy was a contributing factor, but we also have to recognize that retailers who tried new strategies to engage holiday shoppers were the beneficiaries of this sales increase.”
The survey also mentioned that specialty apparel and department stores showed moderate gains, which is a boon for the industry, given recent store closings.
SpendingPulse reports on US retail sales across multiple payment methods, including Mastercard payment data and survey results for other payment types like cash and cheque.
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