China-Singapore Jingwei, December 27 According to Reuters local time on the 26th, a report released by Mastercard showed that between November 1 and December 24, U.S. retail sales increased by 31%, which was down from Mastercard's 3.5 in September** as rising interest rates and inflation put pressure on consumer spendingAn increase of 7% compared to last year's 76% increase.
Reports show that Amazon and Walmart ramped up their efforts in the U.S. during November to attract shoppers who like to bargain, but analysts said the discounts were not as big as last year, when retailers faced excess inventory after Christmas. Some of these discounts are lifted from December, when customers expect to buy last-minute gifts and household items on the Saturday before Christmas, known as "Super Saturday."
Arun Sundaram, an analyst at CRFA Research, said many shoppers waited until Black Friday and Cyber Monday for holiday shopping and made the final sprint during Super Saturday.
Consumers are still spending, but they are still sensitive to ** and want to expand their budgets," Sundaram said. The weeks between Cyber Monday and Super Saturday are "weak periods" for consumption, but shoppers are using the last weekend before Christmas to look for "big deals," he said.
The report shows that e-commerce sales are growing at a faster rate than last year's 106% slowed to 63%。According to the Mastercard report, sales in the apparel and food and beverage categories increased by 2 each during the holiday shopping period4% and 78 percent, while electronics sales fell 0 percent4%, which was released on Tuesday excluding the auto sector and is not adjusted for inflation.
According to NBC, the latest report on the Federal Reserve's favored inflation gauge, released on Friday, showed that prices are slowing. But the cost of things like restaurants, car shops, or rentals is still higher. However, with the start of the holiday season, Americans unexpectedly increased their spending between October and November, highlighting their spending power in the face of cost**.
Next month, the National Retail Federation, the largest retail group in the United States, will release two months of comprehensive statistics based on sales data from the Commerce Department from November to December, when the situation of how Americans spend their money will be more widely understood, the report said.
The group expects 3% to 4% of U.S. holiday sales during the holiday season. That's down from 5 last year4% growth, but more in line with typical holiday spending, which grew by 3 from 2010 to 2019 before the pandemic6%。(Zhongxin Jingwei app).
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