Mastercard SpendingPulse: U.S. Retail Sales Grew 8.5%* This Holiday Season
December 26 2021 - 7:01AM
Business Wire
It’s been a resurgent season for retailers as consumers stocked
their carts with gifts and gadgets. According to Mastercard
SpendingPulseTM, holiday retail sales excluding automotive
increased 8.5% year-over-year this holiday season, running
from November 1 through December 24. Notably, online sales grew
11.0% compared to the same period last year, the preliminary
insights show. Mastercard SpendingPulse measures in-store and
online retail sales across all forms of payment.
“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,” said
Steve Sadove, senior advisor for Mastercard and former CEO and
Chairman of Saks Incorporated. “Consumers splurged throughout the
season, with apparel and department stores experiencing strong
growth as shoppers sought to put their best dressed foot
forward.”
Findings from Mastercard SpendingPulse underscore the strength
of the holiday shopper across channels, with consumers returning to
stores (+8.1% YOY), and e-commerce continuing to expand, up 11.0%
compared to 2020. Additional key findings include:
- Consumers shopped early: Continuing a key trend from
2020, U.S. consumers shopped earlier than in years past, as
retailers offered special promotions early and then again later in
the season as shoppers raced to secure “guaranteed by Christmas”
shipping offers. Looking at Mastercard’s expanded holiday season,
total retail sales were up +8.6%* YOY for the 75 days between
October 11 and December 24.
- Thanksgiving weekend remained key: Black Friday marked
the top spending day of the 2021 holiday season yet again. For the
Thanksgiving weekend running Friday, November 26 through Sunday,
November 28, shoppers drove U.S. retail sales up +14.1% YOY.
In-store sales also rebounded, increasing +16.5% YOY while
e-commerce sales experienced sustained growth, up +4.9% YOY.
- Smaller boxes had a big impact: Whether consumers were
shopping for themselves or for loved ones, the Jewelry sector
experienced some of the strongest YOY and YO2Y growth.
- E-commerce sales snowballed: This holiday season,
e-commerce made up 20.9% of total retail sales, up from 20.6% in
2020 and 14.6% in 2019. The channel continues to experience
elevated growth as consumers enjoy the ease of holiday browsing and
buying in the comfort of their own homes.
Mastercard SpendingPulse™
U.S. Holiday Retail Sales
Traditional Holiday Period
Nov. 1 – Dec. 24
2021 vs. 2020
2021 vs. 2019
Total retail (ex. auto)
+8.5%
+10.7%
In-store
+8.1%
+2.4%
E-commerce sales
+11.0%
+61.4%
2021 vs. 2020
2021 vs. 2019
Apparel
+47.3%
+29.0%
Department Stores
+21.2%
+11.0%
Electronics
+16.2%
+19.8%
Jewelry
+32.0%
+26.2%
Source: Mastercard SpendingPulse measures overall retail sales
across all payment types, including cash and check.
*excluding automotive
About Mastercard SpendingPulse:
Mastercard SpendingPulse reports on national retail sales across
all payment types in select markets around the world. The findings
are based on aggregate sales activity in the Mastercard payments
network, coupled with survey-based estimates for certain other
payment forms, such as cash and check.
Mastercard SpendingPulse defines “U.S. retail sales” as sales at
retailers and food services merchants of all sizes. Sales activity
within the services sector (for example, travel services such as
airlines and lodging) are not included. Holiday spending insights
are 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
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211225005011/en/
Media Contact: Alexandria Brown 914-260-1020
Alexandria.brown@mastercard.com
MasterCard (NYSE:MA)
Historical Stock Chart
From Jun 2024 to Jul 2024
MasterCard (NYSE:MA)
Historical Stock Chart
From Jul 2023 to Jul 2024