2021 US holiday retail sales increased by 8.5%! Jewelry and electronics markets are in strong demand!

It is learned that according to a report released by Mastercard Inc, US retail sales increased by 8.5% between November 1 and December 24, 2021, driven by a surge in e-commerce sales.

According to Mastercard research, e-commerce sales in the United States increased by 11% during the entire shopping season as of December 24, and physical store sales increased by 8.1% year-on-year.

Mastercard noted that in the United States this peak season, segments such as jewelry and electronics achieved strong growth, with jewelry sales soaring 32% and electronics sales surging 16.2%.

Mastercard senior advisor Steve Sadove said that due to supply chain problems, there is a high possibility of shortages of Christmas goods, so American consumers are shopping online or offline in advance.

It is learned that Mastercard predicts that e-commerce sales will account for 20.9% of US retail sales during this year's holidays, and this share may further expand as consumer purchasing behavior continues to grow.

Editor ✎ Nicole/

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