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Jewelry Shines in Upbeat US Holiday Season
Dec 27, 2017 3:23 AM
By Rapaport News
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RAPAPORT... Jewelry sales grew 6% this holiday season, in large part
driven by last-minute purchases, according to a Mastercard SpendingPulse survey
published Tuesday.
Total retail sales grew 4.9% during the holiday shopping
period between November 1 and December 24, the largest year-on-year increase
since 2011, the survey showed. Online shopping jumped 18% over last year,
driven by a late-season push.
“Overall, this year was a big win for retail,” said Sarah
Quinlan, senior vice president of market insights for Mastercard. “The strong
US economy was a contributing factor, but we also have to recognize that
retailers who tried new strategies to engage holiday shoppers were the
beneficiaries of this sales increase.”
Holiday shopping continued late into the season, the survey
found, with December 23 coming close to Black Friday in terms of total spending
over a single day.
Additionally, specialty apparel and department stores both
showed moderate gains, a boon for the industry given recent store closings,
Mastercard explained.
SpendingPulse reports on US retail sales across multiple
payment methods, including Mastercard payment data and survey results for other
payment types.
Image: Juliya_Ka/Shutterstock
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Tags:
holiday sales, holidays, Jewelry, mastercard, MasterCard SpendingPulse, Rapaport News, Sarah Quinlan, US
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