Ecommerce, luxury growth leaders in March

Retail Editor 2, April 6, 2011

New York - The MasterCard Advisors SpendingPulse report, which tracks retail and services sales growth, reported good increases in March for the ecommerce and luxury sectors.
Ecommerce posted its fifth consecutive month of double-digit growth, with sales up 16.1%.
The Luxury Index, which includes department stores, general apparel categories, and high-end restaurants/food stores, increased 8.5% - the largest year-over-year increase since December 2010 and the sixth consecutive month of growth.

Michael McNamara, vp of research and analysis for MasterCard Advisors, said gas prices are impacting shopping behavior.
"Based on what we've observed in the last three to four years, high gasoline prices typically result in consumers consolidating shopping trips, shopping closer to home, and making fewer trips to the brick and mortar locations as we get to Saturday. On the other hand, we've seen the e-Commerce channel benefitting somewhat from this trend," he said.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!