Holiday season

SpendingPulse Mastercard: US Retail Sales Up 8.5% * This Holiday Season | News

PURCHASE, NY – (BUSINESS WIRE) – December 26, 2021–

It was a season of resurgence for retailers as consumers filled their carts with gifts and gadgets. According to SpendingPulseTM Mastercard, non-automotive vacation retail sales grew 8.5% year-on-year over the holiday season, from November 1 to December 24. Especially, online sales increased 11.0% compared to the same period last year, preliminary previews show. SpendingPulse Mastercard measures in-store and online retail sales for all forms of payment.

Shoppers were eager to secure their gifts before the retail rush, with conversations about supply chain and labor supply issues sending consumers online and into stores in droves. “said Steve Sadove, senior advisor to Mastercard and former CEO and chairman of Saks Incorporated. “Consumers splurged throughout the season, with clothing stores and department stores experiencing strong growth as shoppers sought to show off their best dressed feet. “

Mastercard SpendingPulse results underscore the strength of the holiday shopper across channels, with consumers returning to stores (+ 8.1% yoy) and e-commerce continuing to grow, up 11%. 0% from 2020. Additional key results include:

  • Consumers Shopped Early: Continuing a key trend from 2020, U.S. consumers shopped earlier than in the past as retailers ran special promotions early and then again later in the season as shoppers rushed to get “Guaranteed Christmas” shipping offers. Looking at Mastercard’s extended holiday season, total retail sales increased + 8.6% * year-on-year for the 75 days between October 11 and December 24.
  • Thanksgiving weekend remained key: Black Friday was once again the first spending day of the 2021 holiday season. For Thanksgiving weekend, which ran from Friday, November 26 through Sunday, November 28, shoppers drove retail sales up to the top. United States of + 14.1% year-on-year. In-store sales also rebounded, increasing + 16.5% year-on-year, while e-commerce sales grew steadily, up + 4.9% year-on-year.
  • The small boxes had a big impact: Whether consumers buy for themselves or for their loved ones, the jewelry industry has experienced one of the strongest growths in YOY and YO2Y.
  • E-commerce sales have snowballed: In this holiday season, e-commerce accounted for 20.9% of total retail sales, up from 20.6% in 2020 and 14.6% in 2019. The channel continues to experience high growth, with consumers enjoying the ease of browsing and shopping while on vacation from the comfort of their own homes.

SpendingPulse ™ Mastercard

US Vacation Retail Sales

Traditional holiday period

November 1 – December 24

2021 vs 2020

2021 vs 2019

Total retail (ex. Auto)

+ 8.5%

+ 10.7%

At the store

+ 8.1%

+ 2.4%

Online sales

+ 11.0%

+ 61.4%

2021 vs 2020

2021 vs 2019

Clothes

+ 47.3%

+ 29.0%

Department stores

+ 21.2%

+ 11.0%

Electronic

+ 16.2%

+ 19.8%

Jewelry

+ 32.0%

+ 26.2%

Source: Mastercard SpendingPulse measures overall retail sales for all payment types, including cash and checks.

* excluding automobile

About SpendingPulse Mastercard:

Mastercard SpendingPulse reports national retail sales for all payment types in select markets around the world. Results are based on overall sales activity in the Mastercard payment network, coupled with survey-based estimates for certain other forms of payment, such as cash and checks.

Mastercard SpendingPulse defines “US Retail Sales” as sales to retailers and foodservice merchants of all sizes. Sales activities in the service sector (for example, travel services such as airlines and accommodation) are not included. Information on vacation spending is preliminary.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our business. With connections in more than 210 countries and territories, we are building a sustainable world that opens up invaluable possibilities for all.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211225005011/en/

CONTACT: Media contact:

Alexandrian Brown

914-260-1020

Alexandria.brown@mastercard.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: RETAIL FINANCING CONSUMER SUPPLY CHAIN ​​MANAGEMENT BANKING HOUSEHOLD GOODS ONLINE TRADE LUXURY PROFESSIONAL SERVICES MAJOR STORES OTHER RETAIL OTHER CONSUMERS SPECIALTY FASHION

SOURCE: Mastercard Investor Relations

Copyright Business Wire 2021.

PUB: 12/26/2021 07: 01 / DISC: 26/12 // 2021 07:02

http://www.businesswire.com/news/home/20211225005011/en

Copyright Business Wire 2021.


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