US jewellery retail sales experienced a 4.3% fall this holiday season, which ran from 11th October through 24th December. However, online jewellery sales shot up 44.6% over the 75-day period, according to market intelligence provider Mastercard SpendingPulse.<\/p>\n\n\n\n
Overall US holiday retail sales excluding automotive and gasoline increased 3% this expanded holiday season. Notably, online sales grew 49% compared to 2019, the preliminary insights show. Mastercard SpendingPulse measures overall retail spending trends across all payment types, including cash and cheque.<\/p>\n\n\n\n
\u201cAmerican consumers turned the holiday season on its head, redefining \u2018home for the holidays\u2019 in a uniquely 2020 way. They shopped from home for the home, leading to record e-commerce growth,\u201d said Steve Sadove, Senior Advisor for Mastercard and former CEO and Chairman of Saks Incorporated. \u201cAnd, consumers shopped earlier than ever before. Across our expanded 75-day holiday shopping season, sales were up 3%, a testament to the holiday season and strength of retailers and consumers alike.\u201d<\/p>\n\n\n\n
Key findings from Mastercard SpendingPulse underscore the shift to online spending, with e-commerce accounting for 19.7% of overall retail sales \u2013 up from approximately 13.4% in 2019. Luxury retail sales excluding jewellery dropped 21%.<\/p>\n\n\n\n
This season, US consumers shopped far earlier than in years past, as retailers offered special promotions early and often. In addition, though Black Friday was down -16%, Thanksgiving weekend through Cyber Monday remained a key time for shoppers, with Black Friday being the top spending day of the 2020 holiday season.<\/p>\n\n\n\n
Caption:\u00a0Card payment at a jewellery store. \u00a9 Mastercard<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" US jewellery retail sales experienced a 4.3% fall this holiday season, which ran from 11th October through 24th December. However, online jewellery sales shot up 44.6% over the 75-day period, according to market intelligence provider Mastercard SpendingPulse. Overall US holiday retail sales excluding automotive and gasoline increased 3% this expanded holiday season. Notably, online sales…<\/p>\n","protected":false},"author":1,"featured_media":6230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-6228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n