Maximize your media exposure with our single PR package
US retail sales up 5.4% YoY in September: Mastercard SpendingPulse
11 Oct 21 1 min read
Total retail sales in the US have been growing every month, year-over-year, since September 2020 as consumer spending shows positive signs of recovery heading into the highly anticipated holiday season. According to Mastercard SpendingPulse, US retail sales excluding automotive and gasoline increased 5.4 per cent year-over-year in September.
The retail sales in the country increased by 11.5 per cent compared to September 2019. E-commerce sales continue to grow even as consumers return to physical stores—11.5 per cent YOY/ 72.4 per cent YO2Y—reflecting the ongoing demand for the convenience of digital commerce, according to the Mastercard report.
Specifically, discretionary spending is seeing strong growth. Restaurants, department stores, apparel and jewellery sectors are up as consumers increasingly venture out to refresh their looks for events, occasions and vacations.
Advertisement
Fibre2Fashion News Desk (KD)
Popular News
|
|
US New York state passes legislation prohibiting PFAS use in apparel |
|
|
ICE cotton further down for third session in a row, crude oil eases |
|
|
Political crisis impacts Bangladesh’s apparel exports to EU |
|
|
BRICS de-dollarisation strategy & its global implications |
|
|
Deloitte expects India to grow at 7-7.2% in FY25, 6.5-6.8% in FY26 |
|
|
Cotton yarn prices dip in north India, post-Diwali uptick expected |
