Mastercard SpendingPulse: U.S. Thanksgiving weekend retail insights
November 29, 2021Check-in throughout the Thanksgiving weekend for the latest retail sales trends and holiday shopping insights from Mastercard SpendingPulse™. Mastercard SpendingPulse measures overall retail sales across all payment types including cash and check.
“E-commerce continues to dominate the retail landscape as the latest Mastercard SpendingPulse insights show an 8.7% increase in sales on Cyber Monday compared to last year,” said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated. “Coupled with a strong Thanksgiving weekend, retailers continue to see healthy consumer spending this holiday season.”
U.S. Retail Sales Growth, Friday, November 26 – Sunday, November 28, 2021
“Retail spending has been on the rise throughout the day,” said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated. “As of 3PM today, Mastercard SpendingPulse reports that total retail sales are up nearly 30% compared to last year, with Apparel and Department Store sales leading the way.”
According to Mastercard SpendingPulse™, early estimates indicate that Black Friday sales are off to solid start with sales up 12.1% vs 2020 as of 10am EST.
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About Mastercard SpendingPulse
Mastercard SpendingPulse reports on national retail sales across all payment types in select markets around the world. The findings are based on aggregate sales activity in the Mastercard payments network, coupled with survey-based estimates for certain other payment forms, such as cash and check.
Mastercard SpendingPulse defines “U.S. retail sales” as sales at retailers and food services merchants of all sizes. Sales activity within the services sector (for example, travel services such as airlines and lodging) are not included. Holiday spending insights are preliminary.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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