U.S. e-commerce sales increased 10.4% year-on-year in January! Demand for apparel and luxury goods is strong!

It is learned that according to data from Mastercard SpendingPulse, US e-commerce sales in January 2022 increased by 10.4% year-on-year, and increased by 110.1% compared with the same period in 2019, far exceeding the level before the epidemic.

Mastercard SpendingPulse pointed out that in January this year, US retail sales increased by 7.2% year-on-year, of which online sales increased by 10.4%. In terms of subdivisions, the growth rates of these three markets were the strongest:

• Catering industry (year-on-year growth of 36.7%)
• Luxury goods (excluding jewelry, up 45.3% year-on-year)
• Clothing (up 10.4% year-on-year)

Steve Sadove, senior advisor at Mastercard, said that consumers usually make large-scale returns and exchanges in January, but it can be seen that consumers' purchasing levels are still very high, which means that Americans will continue to make large-scale online shopping in 2022.

It is learned that the Amplify Online Retail ETF (IBUY) shows that overall, consumer purchasing interest has fallen 43.4% over the past year, but it rose 17.3% in January this year.

Editor ✎ Nicole/

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