Mastercard SpendingPulse: Thanksgiving weekend retail sales +14.1% year-over-year
November 29, 2021Shoppers drove U.S. retail sales during Thanksgiving weekend up +14.1% year-over-year and +5.8% compared to 2019, excluding auto. According to Mastercard SpendingPulse™, which measures overall retail sales across all payment types including cash and check, in-store sales rebounded, increasing +16.5% YOY while e-commerce sales experienced sustained growth up +4.9% YOY for the weekend running Friday, November 26 through Sunday, November 28.
Apparel (+51.2%), Department Stores (+19.0%) and Jewelry (+78.4%) were key drivers for the weekend’s growth.
Additional insights on the latest retail holiday sales from Mastercard SpendingPulse can be found here.
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
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
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