First Holiday Sales Report a Mixed Bag

MasterCard Advisors' retail sales tracking report found overall growth in holiday sales, but with a caveat.

The SpendingPulse report found a 3.6% rise in sales, but adjusting for the extra sales day this year from Nov. 1 to Dec. 24, sales fell 2% to 4%.

"Overall this year, we have seen increasing stability in spending, as opposed to the free-fall of 2008," said Michael McNamara, vp, research and analysis for SpendingPulse. "This is especially significant considering that prices have been holding up this season, without the broad emergency discounting that consumers benefited from during the 2008 holiday season."

Sales rose in six out of 10 sectors during the period, with ecommerce showing the strongest growth. Online sales rose 15.5% from Nov. 1 to Dec. 24 and climbed 18% from Black Friday on.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

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