Skip to comments.The holidays were 'a big win' for struggling retailers as sales soared
Posted on 12/26/2017 9:22:00 AM PST by E. Pluribus Unum
Retailers had strong sales for the holiday season.
Black Friday and Super Saturday were the biggest days for overall spending.
Numbers were boosted by a rise in electronics sales and online shopping.
Retailers had a very happy holiday.
Retail sales from November 1 through Christmas Eve were up 4.9% over last year, according to data from Mastercard SpendingPulse. That's the highest rate of growth since 2011.
That number was given a strong boost by online sales, which were up 18.1% over the season. Much of this growth was due to the new ease of shopping online later in the season, as more last-minute shipping options have become available. Last year, online sales grew 18.9%.
"This year was a big win for retail," Sarah Quinlan, senior vice president of market insights at Mastercard, said in a statement. "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."
(Excerpt) Read more at businessinsider.com ...
Mark Cuban was wrong?
This is Trump’s fault of course.
Definitely another facet of the Trump Effect ...
“This is Trumps fault of course.”
it certainly is: it’s why the delivery services for Christmas packages announced much earlier deadlines than usual for Christmas delivery. I’m surprised CNN hasn’t run a big series of stories blaming Trump and depicting him as the Grinch Who Stole Christmas ...
Daughter works at Target. There wasn’t a single toy in the back room. They had a good Christmas, and I’m happy about that.
I want my kids to have a good economy in a post 2008 idiocy. If we can unwind and recover from that ethical and economic abomination, then my kids have a shot at a boring but purpose-filled life perhaps.
Ummm, we don't want to give CNN ideas, right?
People are optimistic. They see prosperity right around the corner.
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