Holiday retail sales were up in 2022 during the most critical sales season of the year. Sales rose 7.6 percent during the the key period running from Nov. 1 to Dec. 24, according to Mastercard’s SpendingPulse, which measures in-store and online retail sales across all payment types. The survey excludes the automotive industry and is not…
Holiday Sales Up 7.6 Percent in 2022—but Outpaced by Inflation at 8.5 Percent
Target Reports Profit Plunge, Due to Warning Signs of Weak Holiday Sales
November 16, 2022
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Target’s latest earnings report revealed a massive plunge in profits, as the retailer warned of weak holiday sales. The retail chain reported on Nov. 16, that profits declined 49.3 percent in its fiscal third quarter, after struggling with unwanted inventory and fears of slow sales into the holidays. Consumer spending has lately begun to slow due to rising…
National Retail Federation Forecasts 8 Percent Holiday Sales Growth
November 3, 2022
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The National Retail Federation is forecasting holiday retail spending to grow 6 to 8 percent this year reaching up to $960 billion as many shoppers dip into savings or use credit cards to buy gifts for loved ones. “Our expectation is that we will have positive real [inflation-adjusted growth] for the holiday season,” association spokeswoman…
Record-High Discounts Are Expected During the Holidays Despite Inventory Gluts, Softening Consumer Spending
Adobe reported that online shopping sales in the United States will likely hit $209.7 billion during the holiday sales season, as consumers struggle with high inflation and a weakened economy. The software company predicted in its Oct. 10 report that online sales will slightly grow 2.5 percent year over year from Nov. 1 to Dec. 31. Shoppers…
Retail Sales Jump During This Year’s Holiday Season: MasterCard
Holiday retail sales registered an 8.5 percent increase over the past year, according to a MasterCard report published Sunday, as the economy keeps on struggling with the highest inflation rates in almost forty years combined with product shortages. MasterCard SpendingPulse measures sales numbers from Nov. 1 through Dec. 24, and includes in-store and online retail…
Retail Sales Jump During The 2021 Holiday Season: Mastercard
Holiday retail sales registered an 8.5 percent increase over the past year, according to a Mastercard report published on Dec. 26, as the economy continues to struggle with the highest inflation rates in almost 40 years combined with product shortages. Mastercard SpendingPulse measures sales numbers from Nov. 1 through Dec. 24 and includes in-store and…
Think It’s Too Early to Strategize for Holiday Ecommerce Sales? Think Again.
By Jessica Wong The expression “Christmas in July” is more than just a throwaway remark when it comes to getting ready for a successful ecommerce holiday season. While July has come and gone, early preparation remains key to outstanding holiday sales. Brick-and-mortar businesses may be dusting off holiday decorations and changing playlists, but online businesses need to…
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