holiday sales news and archive

US retail sales up 3.1% this holiday season

This year's holiday season appears to have been a hit so far for US retailers, with retail sales increasing 3.1 percent year-over-year, according to preliminary insights from Mastercard SpendingPulse ™*. “This holiday season, the consumer showed up, spending in a deliberate manner,” said Michelle Meyer, chief economist at the Mastercard...

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Holiday sales predicted to grow by 3.8 to 4.2 percent

The National Retail Federation expects retail sales made during the holiday season between November and December to increase between 3.8 and 4.2 percent in the U.S., compared to results from 2018. If the NRF's predictions are correct, holiday spending will grow to a total somewhere between 727.9 billion and 730.7 billion dollars. Holiday sales...

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Kardashians drive buyers remorse, ThredUp report says

According to new research, buying holiday gifts from Everlane is a wise purchase and shopping from Kardashian Kollection is not. As consumers fill shopping carts with discounted items and scour the internet for sales, secondhand online marketplace ThredUp is gearing up for an influx of unwanted clothing gifts following the holiday season. In its...

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Smartphones and wearable tech to drive holiday sales

New York - An annual survey conducted by PwC has revealed the majority of American consumers unsurprisingly plan to spend the same or even more than they had spent last year. What is more surprising is the amount of shoppers who plan to use technology to drive their holiday expenditures. The survey of 2,071 consumers concluded that “Economic...