Ecommerce, Luxury Growth Leaders in March
May 14, 2011-- Home Textiles Today,
NEW YORK - The MasterCard Advisors Spending-Pulse 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 highend 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 Master- Card Advisors, said gas prices are impacting shopping behavior.
"High gas prices typically result in consumers consolidating shopping trips, shopping closer to home, and making fewer trips," he said.
Related Content By Author
Industry Related Content
DayThree from the NY Textiles Market