During Thanksgiving 2021, total retail sales in the United States will increase by 10.0% year-on-year!

It is learned that according to the latest research from Mastercard SpendingPulse, total U.S. retail sales (excluding automobile and gasoline retail sales) during Thanksgiving this year are expected to increase by 10.0% year-on-year, an increase of 12.2% over the same period in 2019. E-commerce sales are expected to increase by 7.1% year-on-year, an increase of 50.2% over the same period in 2019.

Mastercard said that as supply chain problems continue, product shortages and inflation rates rise, U.S. consumer demand for goods is at an all-time high. It is expected that consumers will start to stock up on goods during Thanksgiving and the number of online shoppers will surge.

Mastercard noted that during this year's Thanksgiving period, spending in the apparel category is expected to increase by 56.0%, electronics will increase by 29.6%, and jewelry will increase by 39.7%.

It is learned that the 2021 US holiday shopping season kicked off in October, and sales performance in various channels has been very optimistic since its opening. In October, US retail sales increased by 6.1% year-on-year, an increase of 12.9% over the same period in 2019, and e-commerce sales increased by 13.2% year-on-year, an increase of 76.7% over the same period in 2019. Mastercard also expects that total US retail sales will increase by 7.4% from November 1 to December 24, and then the growth will slow down.

Editor ✎ Nicole/

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