with holiday retail sales amounting to approximately 416 billion U.S. dollars back in 2002. Holiday retail sales are afraction of total retail sales in the United Stateswhich were around seven trillion U.S. dollars in 2023.Holiday season e-commerceis also on the rise, with increasing numbers...
That's according to preliminary insights from Mastercard SpendingPulse, which said that overall U.S. retail sales increased 3.1% year-over-year during the holiday season (Nov. 1 through Dec. 24). The Mastercard findings, which exclude auto sales, measure in-store and online retail sales across...
“We expect healthy employment and income growth to keep the volume of sales growing for the 2023 holiday season,” said Daniel Bachman, Deloitte’s U.S. economic forecaster. “Inflation, which accounted for much of the increase in the value of retail sales last year, ...
Steve Sadove, senior adviser to Mastercard and former Saks CEO and chairman, told Reuters that spending rose even when higher prices due to inflation were factored in. He noted that the last five days of the holiday season accounted for 10 percent of all holiday spending, showing “a lot o...
The season’s peak sales days played a critical role. December 23 re-emerged as the top shopping day of the season, while the period from Black Friday to Cyber Monday accounted for 8% of total holiday sales. Heading into 2025, retailers face shifting consumer behavior and sentiment, economic...
This report provides a forecast for the US 2024 holiday season, including online, offline, and total retail sales during the period.
In 2022, retail e-commerce holiday season sales in the United States amounted to about 228 billion U.S.
However, the $955.6 billion spent during the 2023 holiday shopping season was 3.9% more than in 2022. This year’s predicted pace is consistent with the average increase of 3.6% from 2010 to 2019. During the coronavirus pandemic, Americans ramped up their spending. Holiday season sales rose ...
“While the shorter holiday shopping calendar likely influenced the continued trend of more online shopping, there was also a return to in-person shopping experiences and a focus on early buying. The 2024 figures were driven in part by lower inflation compared with 2023, particularly for goods. ...
Leading up to the 2023 holiday season, Lotis Blue Consulting embarked on our third round of research into the Future of the Retail Workforce. This research uses comprehensive, unbiased feedback gathered from over 1,000 respondents across nearly 700 retailers and seeks to understand: ...