Mastercard SpendingPulse: Thanksgiving weekend retail sales +14.1% year-over-yearNovember 29, 2021
Shoppers 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 (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.