PRO_1170x120_4-1-19

holiday sales

Online sales the bright spot in holiday selling season

PURCHASE, N.Y. — E-commerce sales hit a record in the 2019 holiday season, helping lift seasonal sales (excluding vehicles) by 3.4% from the year-earlier level, according to Mastercard SpendingPulse. The report noted that e-commerce sales were up 18.8% compared to the 2018 holiday season, though it did not give a dollar figure. E-commerce sales contributed

Retailers see a 3.4% increase in holiday sales

Retailers see a 3.4% increase in holiday sales

PURCHASE, N.Y. – Retailers had much to cheer about this holiday season. According to Mastercard SpendingPulse, holiday retail sales increased 3.4%  with online sales growing 18.8% compared to 2018. Mastercard SpendingPulse provides insights into overall retail spending trends across all payment types, including cash and check. “E-commerce sales hit a record high this year with

NRF reports modest sales gains in November

NRF reports modest sales gains in November

WASHINGTON –Retail sales growth was modest in November, but the National Retail Federation still expects a strong holiday season for retailers. Retail sales in November increased 0.1% seasonally adjusted over October and were up 2.1% unadjusted year-over-year, according to the NRF, which noted that the numbers exclude automobile dealers, gasoline stations and restaurants. “November showed

Holiday competition

NEW YORK — With forecasts calling for strong holiday sales despite fewer shopping days between Thanksgiving and Christmas, retailers are doing everything they can to convince consumers that their stores and websites are the ones to shop. Walmart kicked off the holiday deals at its stores earlier than ever this year, introducing special offers at

Forecast: Holiday sales to increase by 4%

Forecast: Holiday sales to increase by 4%

NEW YORK — Retailers can expect a 4% year-on-year sales bump in the holiday months of November and December, according to a forecast from Coresight Research Inc. “A steady economic backdrop frames this year’s holiday shopping season. Higher wage growth and lower gas prices point to the potential for higher sales,” the research firm says

Deloitte: Holiday sales to increase 4.5% to 5%

Deloitte: Holiday sales to increase 4.5% to 5%

NEW YORK — Retail sales this holiday season are likely to increase by between 4.5% and 5%, according to projections by Deloitte. “Based on a growth in consumer disposable income and spending indicators, retailers, across channels, should expect a strong holiday season in 2019,” said Rod Sides vice chairman, Deloitte LLP and U.S. retail and

NRF: holiday sales gains weaker than expected

NRF: holiday sales gains weaker than expected

WASHINGTON – The holiday season turned out not to have been a particularly merry one for retailers, the National Retail Federation said on Thursday. Retail sales grew a lower-than-expected 2.9% during the two-month period, according to the NRF, which cited U.S. Commerce Department data that had been delayed by nearly a month because of the

Holiday sales inspire optimism

NEW YORK — Robust holiday shopping from before Thanksgiving through Christmas has raised hopes for continued strength in the retail sector. According to Mastercard SpendingPulse, holiday sales increased 5.1% to more than $850 billion — the strongest growth in six years. And online shopping jumped 19.1%, with Amazon reporting record-breaking results. “While we recognize the

Target reports holiday sales, leadership changes

Target reports holiday sales, leadership changes

MINNEAPOLIS — Target Corp. on Thursday reported strong sales gains for the November/December holiday sales period, and reiterated its sales and earnings guidance for the full year. The company also announced changes in its executive ranks, including the planned retirement of chief financial officer Cathy Smith. Target’s holiday sales performance included a 5.7% comparable store sales

Holiday retail sales are strongest in six years

Holiday retail sales are strongest in six years

PURCHASE, N.Y. — Holiday sales increased 5.1% to $850 billion, according to the Mastercard SpendingPulse report, which characterized the season from November 1 through December 24 as retailers’ strongest holiday period in six years. “From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” said Steve Sadove, senior adviser for Mastercard.

Exceptionally strong start for holiday sales

WASHINGTON — Between Thanksgiving Day and Cyber Monday, retailers hosted about 165 million shoppers in their stores and on the websites, according to a survey from the National Retail Federation (NRF) and Prosper Insights & Analytics. The survey found average spending per person over the five-day period was $313.29, with 69% of the money going