A woman carries shopping bags in New York. U.S. (AP Photo/Mark Lennihan)
OAN Newsroom
UPDATED 11:50 AM PT – Saturday, December 26, 2020
Amid a huge shift toward online shopping, U.S. retail sales reportedly rose during this year’s holiday shopping season. Mastercard said retail sales rose 3 percent in the United States from October 11 to December 24.
According to Mastercard SpendingPulse, holiday retail sales (excl. auto & gas) increased 3% this season–with online sales up 49% compared to 2019. U.S. consumers shopped far earlier than in years past, as retailers offered special promotions early & often https://t.co/ArKs7ND1FK
— Mastercard News (@MastercardNews) December 26, 2020
The pandemic played a huge role in changing consumer shopping habits. Mastercard reported e-commerce sales jumped 49 percent. Consumers working from home splurged on home improvement products, furniture and electronics. However, shoppers did spend less on dining out, travel, clothing and jewelry.
2020’s holiday season started earlier than usual. Several retailers like Walmart and Target rolled out their holiday promotions early as they faced capacity constraints in certain stores. Amazon.com also pushed back its annual summer promotional event to October.
MORE NEWS: Nashville Explosion: First Responders Hailed As Heroes
The post U.S. holiday retail sales rise 3% amid pandemic first appeared on One America News Network.
source https://www.oann.com/u-s-holiday-retail-sales-rise-3-amid-pandemic/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-holiday-retail-sales-rise-3-amid-pandemic
