Retail Sector Enjoys Best Holiday Season In 6 Years

Despite stock market fluctuations, a partial government shutdown and growing concerns over potentially slowing global growth, consumers in the U.S. reportedly opened their wallets with abandon this holiday season.

MasterCard SpendingPulse, which tracks spending both in stores and online, announced on Wednesday that U.S. consumers had spent more than $850 billion between Nov. 1 and Dec. 24 this year ― an increase of about 5 percent compared to 2017.

MasterCard said it was the best holiday season for retail in at least six years.


Recommended PRODUCTS
  • Reveals 1 Unusual Tip To Eliminate Excessive Sweating Forever In 48 Hours
  • Discover The Secrets On How To Organize The Major Jewish Holidays.
  • Dr. Slonim Will Show You Why Most Resolutions Fail and How To Prevent That
  • Are you frustrated that your expensive karoke player does not let you play.
  • The FX4 Youth Enhancing Body-shaping System For Men and Women.
  • A Truly Unique Extract Of The Greatest Methodologies For Keeping The Body And Mind Young And Agile.
  • All you need are some clay pots, sand, water and a small shovel.
  • Protect Your Family with Parental Controls Download Internet Filter Now
  • Build a free viral email list on autopilot and make thousands of others do it for you.
  • Discover One Weird Trick That Forces Your Body To Eliminate Hemorrhoids In 48 Hours
  • Advanced techniques to help you lose as much fat as possible over the course of 19 days.
  • A functional fitness training workouts for skiers.
  • Discover How Your Beliefs and Emotions Affect Your Ability To Achieve All Your Goals And Dreams.
  • Three Simple Steps To Achieve Your Goals And Objectives, And Stop Procrastinating.
  • Clickbank Ads
     

    “From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” Steve Sadove, a MasterCard senior advisor, said in a statement. “By combining the right inventory with the right mix of online versus in-store, many retailers were able to give consumers what they wanted via the right shopping channels.”

    The holiday sales spurt was unevenly distributed across different sectors in the industry. Apparel and home improvement saw significant growth (about 8 percent and 9 percent respectively), MasterCard said. And online shopping enjoyed a huge boost, growing 19 percent compared to 2017.

    E-commerce giant Amazon was a clear winner in the online space. The company took 81 percent of internet sales between Dec. 1 and Dec. 19 against other big-box retailers, CNBC reported citing Edison Trends data. 

    Amazon announced on Wednesday that it had a “record-breaking” holiday season. The company didn’t reveal revenue numbers or sales figures but said it had shipped more than 1 billion items for free in the United States with its Prime service over the holiday season and had sold millions of Amazon devices like the Echo and Fire TV Stick 4K.

    According to MasterCard, department stores experienced an overall decline of about 1.3 percent in holiday sales from 2017. Electronics and appliances also saw a sales dip of about 0.7 percent. 

    While it was a very strong holiday season overall for retailers, some analysts warned that the retail surge may stall in 2019 as concerns continue to brew on Wall Street over a potentially slowing economy. Rising costs due to tariffs and other factors could also weigh down retailers, Neil Saunders of research firm GlobalData Retail told the Los Angeles Times this week. 

    “The main question now is, can retailers keep this performance going as we move into 2019?” Saunders said. “Investors are very nervous about the prospects, which is why retail stocks have taken a bit of a beating.”

    Original Article : HERE ; This post was curated & posted using : RealSpecific

     


    Recommended PRODUCTS
  • Discover The Secrets On How To Organize The Major Jewish Holidays.
  • A Truly Unique Extract Of The Greatest Methodologies For Keeping The Body And Mind Young And Agile.
  • The FX4 Youth Enhancing Body-shaping System For Men and Women.
  • All you need are some clay pots, sand, water and a small shovel.
  • Are you frustrated that your expensive karoke player does not let you play.
  • Dr. Slonim Will Show You Why Most Resolutions Fail and How To Prevent That
  • Reveals 1 Unusual Tip To Eliminate Excessive Sweating Forever In 48 Hours
  • Learn how to make wonderful smelling candles that put expensive candles sold in stores.
  • Helps You To Lose Weight In Just Four Weeks Without Strict Dieting And Exercise.
  • This e-book includes all of the vital information and practical tips gleamed for years.
  • Huge range of reversed speech subliminal products. Life changing.
  • Here's What Every Woman Wants - To Know What Men Think
  • Discover A Habit Busting Program Gives You The Ability You Have Always Wanted.
  • Acclaimed eBook rids stress from every area of life. Guaranteed.
  • Clickbank Ads
     

    Thank you for taking the time to read our article.

    If you enjoyed our content, we'd really appreciate some "love" with a share or two.

    And ... Don't forget to have fun!

    Recommended

    PowerPoint Speak Easies Volume #2

    PowerPoint Speak Easies Volume 2 are a collection of high quality animated characters that make your videos "talk". Volume 2 has brand new characters to make your videos come to life.

    UltraSuite Theme Pro

    UltraSuite Theme Pro comes with Additional :- 1) 30 Lead Pages 2) 30 Optin Popops 3) 800 Graphics 4) 200 logos 5) TemplateBundle.net Access 6) Pluginexpert.net Access

    Leave a Reply