Wednesday, December 26, 2018
“From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” said Steve Sadove, senior advisor to MasterCard. Sadove formerly was chairman and CEO of the high-end retailer Saks Inc.
The Mastercard SpendingPulse report details holiday shopping from Nov. 1 through Dec. 24, 2018, across retailing verticals. Here’s a rundown of key trends:
Mastercard suggested sales increases could have been even larger this holiday season, but for inclement weather conditions that may have kept shoppers at home – extreme cold on the East Coast on Black Friday and wet weather conditions on both the East and West coasts the weekend of Dec. 15 and 16, for example. “Conditions were also less than ideal on Fri., Dec. 21, in the East, with storms that impacted the final run of the season,” Mastercard added.
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.