Economy

USA 2017 Holiday Spending at Record Level

USA 2017 Holiday Spending at Record Level”

Online retailers saw a boost of 18 percent.

Retail sales (excluding automobiles) from November 1 through Christmas Eve rose 4.9% compared to the same period previous year, according to data from Mastercard SpendingPulse.

Unsurprisingly, more holiday shopping moved online this season; e-commerce sales grew 18.1% versus previous year. The report attributed the overall sales boost to increased consumer confidence and a robust job market. The home furniture and furnishings category grew 5.1 percent, as did home improvement.

Despite recent closings of thousands of brick-and-mortar stores, specialty apparel and department stores experienced moderate sales gains.

December 23 - Super Saturday - ranked next to Black Friday in terms of spending, according to Mastercard.The payments giant also saw "significant jumps" in spending during the first three weeks of November due to heavy early-season promotional offers. Shoppers tend to do most of their buying at these retailers in-store, but the spate of store closures over 2017 made that more hard. Jewelry grew 5.9 percent, largely driven by last-minute sales.

Читайте также: Crews continue to battle Thomas Fire on Christmas Day

Their data is based on an aggregate of all the sales activity in Mastercard's own payment network, combined with survey-based estimates for payment forms it doesn't track directly, such as cash and check.

Retail stocks outperformed the broader market late this year as investor sentiment on the embattled sector improved. It marks the largest year-over-year increase Mastercard has tracked since 2011.

The Solactive-ProShares Bricks and Mortar Retail Store Index is composed of U.S.companies that account for 75% or more of retail revenue from in-store sales, including Macy's; Costco; Best Buy; Home Depot; Tiffany; Target; Dollar General; Barnes & Noble; The Gap; Sears; Nordstrom; AutoZone; and JC Penney.

Retailers generally had a good holiday seasons, but results varied by category. "It's not collapsing, it's not vanishing, it's alive and well.in the middle of this transformation".

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2021 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог



Like this

loading...
loading...

Latest


26 Декабря 2017
Steward Partners Investment Advisory LLC Invests $1.22 Million in General Mills, Inc
Looking at some alternate time periods, the 12 month price index is 0.99791, the 24 month is 1.08873, and the 36 month is 1.20743. National Asset Inc invested 0.05% in General Mills, Inc. (NYSE: GIS ) has "Hold" rating given on Sunday, June 25 by Susquehanna.

26 Декабря 2017
Navalny Supporters Rally in Russian Cities to Support Presidential Nomination
While Putin is all but certain to win an easy victory, the Kremlin wants his performance to be as strong as possible. Navalny is widely seen as the only politician who stands any chance of challenging Putin.

26 Декабря 2017
Analysts Give Royal Dutch Shell (RDSB) a GBX 2850 Price Target
Goldman Sachs maintained the shares of RDSB in report on Friday, November 4 with "Conviction Buy" rating . The stock of Royal Dutch Shell plc (NYSE:RDS.A) has "Buy" rating given on Wednesday, June 8 by Evercore.

26 Декабря 2017
Trump administration to roll back offshore drilling safety measures
Industry officials argue the safety rules are too broad, and the Trump administration appears to agree. BSEE sent the proposal to the White House Dec. 8, The Journal said.

26 Декабря 2017
Baahubali 2 set for Japan, Russia release
Meanwhile, Baahubali 2 has received "G" certificate from Japan's Censor Board, which is equivalent to "U" certificate in India. The film is expected to collect a huge income in Japanese and Russian language's as well.

26 Декабря 2017
General Motors Co (NYSE:GM) Sentiment Worsens in Q3 2017
The auto manufacturer reported $0.43 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.33 by $0.10. It is negative, as 66 investors sold GM shares while 322 reduced holdings. 16 funds opened positions while 65 raised stakes.

26 Декабря 2017
Steelers vs. Texans: 4 bold predictions sure to go wrong
Pittsburgh earned a first-round bye in the postseason with a 34-6 win over the Texans on Monday at Houston's NRG Stadium . The duo of quarterbacks were sacked seven times with Mike Hilton grabbing three sacks and Cam Heyward notching two sacks.

26 Декабря 2017
High winds wreck Christmas for thousands in Nova Scotia
About 55,000 Nova Scotia Power customers are without electricity as a Christmas Day windstorm works its way through the province. Yet others finished cooking dinner on the barbecue or woodstove or fired up the generator.

26 Декабря 2017
Crude oil spikes on news of Libya pipeline blast
That's earlier than seen by OPEC's latest official forecast, which calls for a balanced market by late 2018. Another factor contributing to the increase in price are the voluntary supply cuts by OPEC.

26 Декабря 2017
Cognizant Technology Solutions Corp (CTSH) Shares Bought by NBT Bank NA NY
Dekabank Deutsche Girozentrale has 0.14% invested in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) for 250,892 shares. Integral Derivatives Ltd Liability Com stated it has 0.02% in Cognizant Technology Solutions Corporation (NASDAQ:CTSH).