Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHoliday sales rose dramatically by 10.7% compared to the pre-pandemic 2019 holiday season
Link to tweet
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
5 replies, 775 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (5)
ReplyReply to this post
5 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Holiday sales rose dramatically by 10.7% compared to the pre-pandemic 2019 holiday season (Original Post)
LetMyPeopleVote
Dec 2021
OP
Our economy is coming back for some and we can't leave behind those still struggling.
LetMyPeopleVote
Dec 2021
#1
LetMyPeopleVote
(145,628 posts)1. Our economy is coming back for some and we can't leave behind those still struggling.
Poiuyt
(18,130 posts)2. Biden is doing a great job. Why doesn't everyone know this?
PoindexterOglethorpe
(25,902 posts)3. Interesting.
I doubt my personal spending was up that much, but I don't keep careful track, so I may well be wrong.
bearsfootball516
(6,377 posts)4. But I heart Christmas was canceled?!?!
LetMyPeopleVote
(145,628 posts)5. Despite supply issues and omicron, holiday sales rise 8.5%
Biden saved Christmas
Link to tweet
Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure.
Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit cards, reported Sunday that holiday sales had risen 8.5% from a year earlier. Mastercard SpendingPulse had expected an 8.8% increase.
The results, which covered Nov. 1 through Dec. 24, were fueled by purchases of clothing and jewelry.
Holiday sales were up 10.7% compared with the pre-pandemic 2019 holiday period.
By category, clothing rose 47%, jewelry 32%, electronics 16%. Online sales were up 11% from a year ago and 61% from 2019. Department stores registered a 21% increase over 2020.
After omicron hit, some consumers stayed home and shifted their spending to e-commerce -- but sales stayed strong. I feel really good about how the season played out, said Steve Sadove, senior adviser to Mastercard and former CEO of Saks Inc. When people feel a little bit uncomfortable, you'll see a little bit of a pickup in online and a little bit of a slowdown in store performance.
Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit cards, reported Sunday that holiday sales had risen 8.5% from a year earlier. Mastercard SpendingPulse had expected an 8.8% increase.
The results, which covered Nov. 1 through Dec. 24, were fueled by purchases of clothing and jewelry.
Holiday sales were up 10.7% compared with the pre-pandemic 2019 holiday period.
By category, clothing rose 47%, jewelry 32%, electronics 16%. Online sales were up 11% from a year ago and 61% from 2019. Department stores registered a 21% increase over 2020.
After omicron hit, some consumers stayed home and shifted their spending to e-commerce -- but sales stayed strong. I feel really good about how the season played out, said Steve Sadove, senior adviser to Mastercard and former CEO of Saks Inc. When people feel a little bit uncomfortable, you'll see a little bit of a pickup in online and a little bit of a slowdown in store performance.