Advertise with

MasterCard report: U.S. retail sales up 4.6% in July
MasterCard report: U.S. retail sales up 4.6% in July

MasterCard report: U.S. retail sales up 4.6% in July

RETAILER NEWS - Aug 12th 2014, 11:58

New York - The latest SpendingPulse report from MasterCard showed that U.S. retail sales rose 4.6% year-over-year in July, the largest year-over-year gain since October 2012. 

Lodging, Airlines, and Restaurants were among the top categories for U.S. retail sales last month, while consumers spent less on Automotive, Grocery, and Luxury items, excluding Jewellery.

“By and large, the U.S. economy has shown signs of positive growth over the last few months, especially as weather in most of the country improved,” said Sarah Quinlan, senior VP of Market Insights for MasterCard Advisers. “Positive economic statistics, such as new job hiring, are giving consumers more confidence that the recovery is a reality. This confidence is seen in people taking vacations and dining out. They’re choosing to truly ‘experience’ the rebound.”

However, the rebound trend has not benefited the Apparel or Department Store categories, which showed very modest growth. Despite heavy promotions and discounting for back-to-school, their sales will likely be fairly muted as parents hold off on shopping for new clothes until the weather turns colder, according to MasterCard.


Related News

Transform your brand by transforming the way you talk to consumers
24/07/2019 - 10:20
The world is transforming at an incredible pace, affecting how consumers engage with everything around them, including brands. The digital age continues to transform the way we live, shop and pay – including how and where brands show up. By redefining the way they engage with consumers, brands can establish more meaningful relationships with them.

Mastercard Index: Love and pockets run deep in South Africa as Valentine’s Day spend soars
14/02/2019 - 10:07
According to the latest Mastercard Love Index, South Africans are willing to dig deeper into their pockets to spoil the ones they love on Valentine’s Day, splashing out on experiences like dining out and travel rather than on traditional gifts.

SA consumer spend shows moderate uptick ahead of festive season
18/12/2018 - 13:58
Consumers are ringing in the holiday season with a solid start to retail sales, according to Mastercard SpendingPulse™, which looks at overall retail spending trends across all payment types.

Driving mobile and card acceptance among informal retailers holds the key to scaling cashless payments in SA
05/12/2018 - 09:57
Despite the majority (77 percent) of adult South Africans owning bank accounts, more than half of the total value of all consumer transactions in the country are still conducted in cash. This suggests that being formally banked may not be enough of an incentive for consumers to move away from cash. Accelerating the pace of migration from cash to digital and card payments must be a priority for catalysing economic growth.

Trade wars turn up the heat on local consumers
11/07/2018 - 09:24
South African consumers face more pain from potential global trade wars and fuel increases, global payments company Mastercard said in a statement.