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Report: US holiday retail sales grow at 7.9%
Posted On: 29-12-2015 00:00:00 15

According to the ‘Spending Pulse’ report by MasterCard Advisors, strong online sales and demand for furniture and women's apparel helped US retail sales grow by 7.9% this holiday season. Online sales grew 20%. The double-digit growth in furniture sales shows that consumers are willing and able to spend on big ticket items

US retail sales, excluding automobiles and gas, had grown 5.5% in the period between Black Friday and Christmas Eve last year. A delay in the onset of cold weather pushed back apparel buying this fall, so there was pent up demand that played out after Black Friday. Lower gas prices have also allowed for higher disposable income with consumers.

The National Retail Federation, a leading industry group, has forecast a 3.7% rise in store and online sales in November and December this year, with online sales expected to rise 6-8%.

 
 
 

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