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Holiday sales up 7.6% despite the squeeze of inflation
Read full article: Holiday sales up 7.6% despite the squeeze of inflationHoliday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure.
As children return to classrooms, stores expect strong sales
Read full article: As children return to classrooms, stores expect strong salesAs more children go back to the physical classroom and families look to restart their lives, back-to-school spending this year is expected to top pre-pandemic levels, according to one key spending measure.
Holiday sales tick up as shoppers invest in their homes
Read full article: Holiday sales tick up as shoppers invest in their homesOnline sales rose a record 49% year-over-year between Oct. 11 and Dec. 24, according to the Mastercard SpendingPulse figures, which exclude services, automotive and gasoline sales. The holiday shopping season was considered longer this year as retailers offered promotions sooner and encouraged customers to get a jump-start to avoid delivery delays. During the traditional holiday period, between Nov. 1 and Dec. 24, retail sales rose 2.4% year-over-year, according to Mastercard's data. Consumers also favored electronics and appliances, a category where sales rose 6%. There was some payoff, as online clothing sales rose 15.7%, according to Mastercard.