Fortrove News

According to a recent report by Mastercard SpendingPulse, which tracks online and brick-and-mortar store spending, holiday season retail has been at its highest in six years. Sales in the U.S. from Nov. 1 through Dec. 24 had risen by 5.1 percent. Online sales rose 19.1 percent from 2017. 

The most successful sectors, according to Mastercard, include home improvement at a 9 percent increase and apparel which saw a rise of 8 percent. However, brick-and-mortar stores have taken a hit with a 1.3 percent decrease, while online sales had risen 10.2 percent at the same time.

Managing director of research firm GlobalData Retail, Neil Saunders said in a statement to the Los Angeles Times.  “In sales terms, this has definitely been a very strong holiday—one of the best since 1999. Momentum in the consumer economy, confident shoppers, and more discipline from retailers have all helped to boost spending.” 

Information originally sourced from JCK