Mastercard SpendingPulse: U.S. Retail Sales Grew 11.0%* Year-Over-Year in June
July 08 2021 - 9:01AM
Business Wire
Retail sales see double-digit growth above 10%*
compared to June 2019
Just as summer months bring warmer weather,
U.S. retail sales continue to heat up, with June marking the ninth
consecutive month of total retail sales growth*. According to
Mastercard SpendingPulseTM, U.S. retail sales excluding
automotive and gasoline increased +11.0% year-over-year in June and
increased +10.4% compared to June 2019. E-commerce growth continued
to hold steady +8.3% YOY/ +95.0% YO2Y, reflecting the ongoing shift
to digital, driven by the pandemic. Mastercard SpendingPulse
measures in-store and online retail sales across all forms of
payment.
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Specifically, sales growth for Restaurants +55.1% YOY/ +16.8%
YO2Y, Department Stores +67.4% YOY/ +11.8% YO2Y and Apparel
+62.9.1% YOY/ +12.7% YO2Y are up as consumers continue to venture
out more for meals and shop both online and in stores, refreshing
their looks for summer camp, vacations and travel. Meanwhile, the
Furniture & Furnishings sector experienced its first month of
negative YOY growth -5.3% compared to last year's strong sales,
when consumers were doing home projects in the midst of the
pandemic, but sales remain elevated for the sector overall +16.6%
YO2Y.
*excluding auto and gas
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. As such,
SpendingPulse™ insights do not in any way contain, reflect or
relate to actual Mastercard operational or financial performance,
or specific payment-card-issuer data. 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.
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.
www.mastercard.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210708005272/en/
William Tsang, Mastercard 914.249.2640 |
William.Tsang@mastercard.com Alexandria Brown, Mastercard
914.260.1020 | Alexandria.Brown@mastercard.com
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