American consumers upped their holiday spending this year, doing a lot of that spending online. That’s according to preliminary results from Mastercard’s SpendingPulse released Tuesday (Dec. 26), showing retail sales increasing 3.1% — not adjusted for inflation — year over year from Nov. 1 to Dec. 24....
Consumer spending on experiences rose by double digits in February. Compared to the same month last year, consumers spent 42.7% more on lodging, 15.6% more on airlines and 14.2% more on restaurants, according to the latest edition of Mastercard SpendingPulse. “This reflects suppressed growth in...
They say numbers don’t lie, but they can mislead. Try nailing down a solid forecast for the economic outlook for the fourth quarter about to begin, and things becomes clearly foggy. Former Saks Fifth Avenue CEO and Mastercard senior advisor Steve Sadove told PYMNTS’ Karen...
Consumers are expected to spend 7.1% more on retail goods during this year’s holiday season than they did last year, according to the Mastercard SpendingPulse annual holiday forecast. According to a Monday (Sept. 12) press release, the Mastercard Economics Institute said the growth in retail...
December 01, 2024
If you shopped on Black Friday this year, chances are you did so from home. Online retail sales this year jumped 14.6% on Friday (Nov. 29), while in-store sales saw a more muted increase of 0.7%, according to Mastercard SpendingPulse data. “Over the last several years, Black Friday has become more than just one day, […]
December 26, 2023
American consumers upped their holiday spending this year, doing a lot of that spending online. That’s according to preliminary results from Mastercard’s SpendingPulse released Tuesday (Dec. 26), showing retail sales increasing 3.1%...
March 09, 2023
Consumer spending on experiences rose by double digits in February. Compared to the same month last year, consumers spent 42.7% more on lodging, 15.6% more on airlines and 14.2% more...
September 12, 2022
Consumers are expected to spend 7.1% more on retail goods during this year’s holiday season than they did last year, according to the Mastercard SpendingPulse annual holiday forecast. According to...