US Retail Sales Grew 5.1 Percent This Holiday Season

US Retail Sales Grew 5.1 Percent This Holiday Season

US Retail Sales Grew 5.1 Percent This Holiday Season

Shoppers have been bulking up their wardrobes since September, when apparel sales rose as much as 9 percent versus zero growth a year ago, Sadove said. In the USA, more than one billion items shipped for free over the holidays with Prime.

MasterCard said it was the best holiday season for retail in at least six years.

The data also indicated that consumer confidence was not dented by recent volatility in the USA stock markets and worries over slowing global growth.

Despite previously warning of a weaker-than-expected holiday season, Amazon said on Wednesday that it had another record stretch.

The Mastercard report details holiday shopping from November 1 through December 24.

"I don't see that (volatility in the markets and government shutdown) as having any impact ... but I am cautiously optimistic for the consumer going into 2019", Steve Sadove, senior adviser for Mastercard told Reuters.

Online pickups and mobile shopping have been popular options this holiday as chains look for new ways to reach shoppers.

Thousands of jobs at risk as HMV nears collapse
HMV said it sold almost one third of physical music in the United Kingdom in 2018 but expects the market to shrink by 17% in 2019. The failure of another major high street name before the year is up would cap a miserable 12 months for the retail sector.

Shares of American Eagle Outfitters, which does a brisk jeans business, rose 10.7 percent, to $19.37, on Wednesday while shares of Urban Outfitters, owner of Free People, Anthropologie and its namesake, were up 7.3 percent, to $34.06. Amazon said Wednesday its holiday sales broke records after it shipped a billion items within the USA for free with Prime, reported Reuters.

Underlying consumers' confidence is near-full employment and rising wages, up more than 3 percent.

Amazon announced on Wednesday that it had a "record-breaking" holiday season.

Apparel sales grew 7.9 percent, the best in almost a decade, according to Mastercard, sending shares of American Eagle Outfitters Inc and Abercrombie & Fitch Co higher.

Department stores finished the season with a 1.3 percent decline from 2017. Home furniture sales rose 2.3 percent, while electronics and appliances slipped 0.7 percent.

The National Retail Federation had forecast US holiday retail sales to rise between 4.3% and 4.8%. The findings are based on aggregate sales activity in the Mastercard payments network, coupled with survey-based estimates for certain other payment forms, such as cash and check. Online sales - led by Amazon - were up a whopping 19 percent. Mastercard Inc and Visa Inc were both up almost 2 percent.

Recommended News

  • Miley Cyrus, Liam Hemsworth reportedly got married

    Miley Cyrus, Liam Hemsworth reportedly got married

    The wedding may have surprised numerous couple's fans but the source reveals Cyrus had been thinking of saying "I do" for a while. Miley Cyrus has shared a number of photos from her wedding to Liam Hemsworth on her social media accounts.
    College Football Star Skipping His Team’s Bowl Game

    College Football Star Skipping His Team’s Bowl Game

    However, the Jim Thorpe Award-winning cornerback was not at practice last Friday after flying home to Miami. If Georgia had defeated the Tide, it would likely have earned a spot in the College Football Playoff.
    Pirlo backing Juventus move for Arsenal midfielder Ramsey

    Pirlo backing Juventus move for Arsenal midfielder Ramsey

    However, Juve are likely to face strong competition for Ramsey's signature. And then his future is only for him, for his agent. His focus should be to help us".
  • Mary Robinson Has Given An Interview Following Her Meeting With Sheikha Latifa

    Mary Robinson Has Given An Interview Following Her Meeting With Sheikha Latifa

    He continued: "I'm not sure that Mary Robinson , during such a short visit, would be capable of discerning the difference". However, in a statement issued this morning, Mrs Robinson said: "I am dismayed at some of the media comments on my visit".
    New iPhone update causes cellular outage

    New iPhone update causes cellular outage

    However, this isn't the first time that Apple has messed up an update, and they are usually very quick about releasing a fix. Users are recommended to not update to the latest iOS version until this issue is resolved fully as to avoid any mishap.
    Instagram gets rid of scrolling - by accident

    Instagram gets rid of scrolling - by accident

    Facebook has subsequently gone on record to say that the update wasn't meant to be rolled out globally to all Instagram users . There is no option in the settings part of the app to change the feed back to the original one either.
  • Armed standoff ends after SWAT member sings Christmas carol

    Armed standoff ends after SWAT member sings Christmas carol

    Lewis fired at the police again at 6:11 a.m. and 6:15 a.m., with police returning fire each time, according to the affidavit. The bullets struck the SWAT team's armored auto , another home and a civilian's vehicle , WGAL-TV reported.
    The mid-range Pixels are expected to be released in spring 2019

    The mid-range Pixels are expected to be released in spring 2019

    RAM will be capped at 4GB (which is identical to the Pixel 3 family) and internal storage will come in at 32GB. This suggests that these handsets may get announced in April or May in the coming year.
    MLB Rumors: Harper, Machado not interested in Phillies?

    MLB Rumors: Harper, Machado not interested in Phillies?

    According to Joel Sherman of the New York Post , Harper and Machado aren't warming up to the idea of signing with Philadelphia. Stay tuned to YES Network for all the latest Yankees news and updates as baseball's offseason unfolds into 2019.
  • Captain Marvel: Disney reportedly spills cosmic beans on Jude Law's 'mystery' character

    Captain Marvel: Disney reportedly spills cosmic beans on Jude Law's 'mystery' character

    The Oscar-nominated actor then went on to detail his character's relationship with Brie Larson's Carol Danvers in Captain Marvel . She's left her earthly life behind to join an elite Kree military team called Starforce, led by Jude Law's enigmatic commander.
    Egypt's two former presidents appear in a Cairo court

    Egypt's two former presidents appear in a Cairo court

    They are accused of storming prisons during the 2011 uprising that toppled Mr Mubarak. Mubarak was freed last year, ending almost six year of legal proceedings against him.
    Meghan Markle Gives an Update on Her Due Date

    Meghan Markle Gives an Update on Her Due Date

    In May 2017, Meghan spoke to Glamour and revealed that Beckham's dresses were something that she admired, but felt did not flatter her body type.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.