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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHoliday spending up 8 percent; online sales surge
NEW YORK Americans spent more on items like furniture during the holidays this year, with online shopping in particular seeing a big spike, according to a report released Monday.
Overall spending rose 7.9 percent from a year ago, according to the MasterCard SpendingPulse report, which tracks retail sales across cards, cash and checks from Black Friday to Christmas Eve. The uptick was driven by people sitting in the comfort of their homes or at work, with online shopping up 20 percent.
Shopping at physical stores still accounts for the majority of spending during the holidays. But the continuing shift to online shopping is forcing retailers to improve their websites, or offer perks like faster or free delivery. Earlier this month, another report by First Data also found that online sales growth was outpacing sales growth at physical stores. That report was based on payments from Oct. 31 to Dec. 14.
The SpendingPulse report does not include spending by dollar amounts. But the National Retail Federation, the nations largest retail trade group, expects sales for November and December to rise 3.7 percent to $630.5 billion from a year ago.
https://www.washingtonpost.com/national/holiday-spending-up-8-percent-online-sales-surge/2015/12/28/66ccbc66-ad74-11e5-b281-43c0b56f61fa_story.html
napi21
(45,806 posts)long before it became a really popular thing to do. I use being in a wheelchair as an excuse, and it is, but if I didn't have access to the net, I'd still find a way to buy what I'm looking for. I think lots of shoppers are now realizing the advantages of shopping online. I heard "Black Friday" sales were down from past years, and I didn't hear anything about long lines, people sleeping outside of stores. or fights over the GREAT SALE PRICE STUFF on Thanksgiving night or some wee hour of the AM. Us onliners are also helping the Post Office quite a bit, because that's how a lot of items I buy are shipped.
There will always be a place for brick & mortar retailers, but I believe sales online are on the way up for a long time.
Liberal_in_LA
(44,397 posts)PatrickforO
(14,586 posts)I reside near one of the premier shopping malls in my city. In fact, they don't even call it a 'mall' any more. Apparently that's passe. It's a shopping RESORT. Geez.
Anyway, as I drive by there each day, I noticed the parking lots weren't quite as full as usual for this time of year. This led me to believe that retail sales might be down this holiday season. But your post explains why the relatively empty parking lots very well. I did most of my shopping online this year.
LuvNewcastle
(16,849 posts)this year, but my family wanted to go shopping in New Orleans this year. We went to a big mall in Metairie on the Sunday before Christmas, but it really wasn't all that crowded. We were able to get it all done and go eat at the Cheesecake Factory (their choice) in just a few hours.
SheilaT
(23,156 posts)I know my experience is merely an anecdote, but I'm pretty sure I spent less money than last year, and in any event, i spend a lot less money than is normal or typical.
GOLGO 13
(1,681 posts)Almost all the "smoke shops" in my area are either corporate stores (smokes 4 less), 100% cigar centric or just hilariously obvious "head shops". I get my order in 3 days or less dropped off right on my door.
Local shops need to step up their game to get me back in a B&M.