us retailers news and archive

US retail sales up 3.8% this holiday season according to Mastercard SpendingPulse

This Christmas season proved to be a merry one for US retailers, with retail sales increasing 3.8 percent year on year from November 1 to December 24, according to insights from Mastercard SpendingPulse. "The holiday shopping season revealed a consumer who is willing and able to spend but driven by a search for value as can be seen by...

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Christmas return fraud to cost US retailers over 3.8 billion dollars

An increasing number of US consumers are willing to return unwanted gifts, with an estimated 64.67 billion dollars of presents expected to be returned this holiday season. According to a recent survey from the National Retail Federation (NRF), over one fifth of all returns occur during the festive season. However, unwanted gift returns are not...