Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure.
Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit cards, reported Sunday thatThe results, which covered Nov. 1 through Dec. 24, were fueled by purchases of clothing and jewelry.ON CHRISTMAS DAY, 'GOD GAVE US THE GREATEST GIFT THE WORLD HAS EVER RECEIVED'
A broader picture will be revealed next month when the National Retail Federation, the nation’s largesttrade group, comes out with its combined two-month results in mid-January. The results will be based on an analysis of the November and December sales figures from the Commerce Department. Analysts will also be dissecting the fourth-quarter financial results from different retailers that are slated to be released in February.
The group expects that online and other non-store sales, which are included in the total, will increase between 11% and 15%. The numbers exclude automobile dealers, gasoline stations and restaurants. Holiday sales have averaged gains of 4.4% over the past five years, according to the group. Retail sales have continued to rise in an economic environment that has hamstrung some retailers. Many have had to sharply increase pay to find and keep workers, increasing their cost of doing business. They also scrambled to fill shelves with major U.S. ports still backed up.At the same time, Americans proved their resilience in different ways. They paid more across the board for necessities like food and gas, putting pressure on holiday shoppers’ budgets. In fact, consumer prices rose 5.
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Despite Supply Issues and Omicron, Holiday Sales Rise 8.5%Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure.
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Despite supply issues and omicron variant, holiday sales rise 8.5%Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure.
Les mer »
Despite supply issues and omicron, holiday sales rise 8.5%Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure.
Les mer »
Despite supply issues and omicron, holiday sales rise at their fastest pace in 17 yearsThe results, which covered Nov. 1 through Dec. 24, were fueled by purchases of clothing and jewelry.
Les mer »
Holiday sales climb 8.5% despite supply issues, omicron variantEven as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the holiday shopping season, sales rose at the fastest pace in 17 years.
Les mer »