During the 2021 shopping season, US retail sales are expected to grow by 7.4%!

It is learned that according to data from Mastercard SpendingPulse, US retail sales (excluding automobiles and gasoline) are expected to grow 7.4% during this year's peak shopping season (November 1 to December 24).

According to Mastercard research, due to the early start of the shopping season (October 11 to December 24), during this period, online sales in the United States are expected to grow by 7.5%, a year-on-year increase of 59.3%, which is likely to set a record for online sales channels. In-store sales will also increase, with an expected year-on-year increase of 6.6%.

Mastercard noted that retailers will offer omnichannel promotions early on due to supply chain and labor availability issues, especially electronics, apparel and general merchandise retailers . Technologies such as contactless and buy online, pick up in store will continue to be used for goods transportation and delivery.

In addition, consumers' desire to shop has greatly increased during this year's holiday season. It is worth noting that sales in the luxury goods and jewelry industries have continued to rise over the past six months and are expected to continue to grow into the holiday season.

It is learned that during the 2020 holiday season, despite the epidemic, US retail sales still grew, up 8.3% year-on-year, a record high. And this year, if nothing unexpected happens, US retail sales will also grow.

Editor ✎ Nicole/

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