Discussion:
Holiday sales rose at fastest pace in 17 years
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Gronk
2021-12-31 06:33:09 UTC
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https://apnews.com/article/coronavirus-pandemic-lifestyle-health-business-holidays-05a3bc6aff753ffd37cab20de1d7b066

Holiday sales rose at the fastest pace in 17 years, even as shoppers
grappled with
higher prices, product shortages and a raging new COVID-19 variant in the
last few
weeks of the season, according to one spending measure.

Mastercard SpendingPulse, which tracks all kinds of payments including
cash and
debit cards, reported Sunday that holiday sales had risen 8.5% from a year
earlier.
Mastercard SpendingPulse had expected an 8.8% increase.
Draft Dodger Bill Clinton Flunked Oxford
2021-12-31 22:20:11 UTC
Permalink
https://www.washingtonpost.com/business/2021/12/13/holiday-deals-
fewer-discounts/
For the first time in years, retailers are raising prices and
tamping down promotions, leaving Americans without the big seasonal
markdowns they’ve come to expect

Zarah Reeves waits all year to buy clothes, electronics, cosmetics
and dorm furnishings, timing her purchases to the deep discounting
so pervasive in the run-up to the holidays.

But this season, brands that once slashed prices 50 to 90 percent
starting on Black Friday are sticking to markdowns of “10, maybe 20
percent,” she said. So the 20-year-old Howard University student is
buying less, and even made a pact with her best friend to skip
Christmas gifts altogether.


The ever-deepening discounts — long integral to a retailer’s
survival — are diminishing in the face of rising costs and supply
chain challenges, leaving Americans without the big holiday
markdowns they’ve come to expect. Prices are higher everywhere, even
online, as companies adopt more personalized strategies based on a
shopper’s buying history. Analysts and industry insiders say the
shift could become long-term.

Clothing brand Express, cosmetics chain Ulta Beauty and big-box
retailer Dick’s Sporting Goods are among those that have pulled back
on promotions. Bath & Body Works, the mall mainstay known for its
“buy 2, get 1 free” deals, is limiting clearance sales and storewide
discounts while raising prices on popular items such as candles and
“wallflower” heaters.
max headroom
2021-12-31 22:33:16 UTC
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Post by Gronk
https://apnews.com/article/coronavirus-pandemic-lifestyle-health-business-holidays-05a3bc6aff753ffd37cab20de1d7b066
Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled
with higher prices, product shortages and a raging new COVID-19 variant in the
last few weeks of the season, according to one spending measure.
Mastercard SpendingPulse, which tracks all kinds of payments including cash
and debit cards, reported Sunday that holiday sales had risen 8.5% from a year
earlier. Mastercard SpendingPulse had expected an 8.8% increase.
That's what people do in the face of rising inflation: spend it now while it
still has some purchasing power.
Scout
2022-01-03 13:28:50 UTC
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Post by max headroom
Post by Gronk
https://apnews.com/article/coronavirus-pandemic-lifestyle-health-business-holidays-05a3bc6aff753ffd37cab20de1d7b066
Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled
with higher prices, product shortages and a raging new COVID-19 variant in the
last few weeks of the season, according to one spending measure.
Mastercard SpendingPulse, which tracks all kinds of payments including cash
and debit cards, reported Sunday that holiday sales had risen 8.5% from a year
earlier. Mastercard SpendingPulse had expected an 8.8% increase.
That's what people do in the face of rising inflation: spend it now while it
still has some purchasing power.
Yep, and it's also a great time to run up debt to obtain physical property
that retains value... as inflation will effectively reduce or all but
eliminate your debt.
Gronk
2022-01-05 05:49:48 UTC
Permalink
Post by max headroom
Post by Gronk
https://apnews.com/article/coronavirus-pandemic-lifestyle-health-business-holidays-05a3bc6aff753ffd37cab20de1d7b066
Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled
with higher prices, product shortages and a raging new COVID-19 variant in the
last few weeks of the season, according to one spending measure.
Mastercard SpendingPulse, which tracks all kinds of payments including cash
and debit cards, reported Sunday that holiday sales had risen 8.5% from a year
earlier. Mastercard SpendingPulse had expected an 8.8% increase.
That's what people do in the face of rising inflation: spend it now while it
still has some purchasing power.
Then they would have been doing before now.
max headroom
2022-01-05 06:01:58 UTC
Permalink
Post by Gronk
Post by max headroom
Post by Gronk
https://apnews.com/article/coronavirus-pandemic-lifestyle-health-business-holidays-05a3bc6aff753ffd37cab20de1d7b066
Holiday sales rose at the fastest pace in 17 years, even as shoppers
grappled with higher prices, product shortages and a raging new COVID-19
variant in the last few weeks of the season, according to one spending
measure.
Mastercard SpendingPulse, which tracks all kinds of payments including cash
and debit cards, reported Sunday that holiday sales had risen 8.5% from a
year earlier. Mastercard SpendingPulse had expected an 8.8% increase.
That's what people do in the face of rising inflation: spend it now while it
still has some purchasing power.
Then they would have been doing before now.
You think they haven't been?
Gronk
2022-01-12 07:04:20 UTC
Permalink
Post by max headroom
Post by Gronk
Post by max headroom
Post by Gronk
https://apnews.com/article/coronavirus-pandemic-lifestyle-health-business-holidays-05a3bc6aff753ffd37cab20de1d7b066
Holiday sales rose at the fastest pace in 17 years, even as shoppers
grappled with higher prices, product shortages and a raging new COVID-19
variant in the last few weeks of the season, according to one spending
measure.
Mastercard SpendingPulse, which tracks all kinds of payments including cash
and debit cards, reported Sunday that holiday sales had risen 8.5% from a
year earlier. Mastercard SpendingPulse had expected an 8.8% increase.
That's what people do in the face of rising inflation: spend it now while it
still has some purchasing power.
Then they would have been doing before now.
You think they haven't been?
The projection was for an 8.8% rise and it came in at 8.5! Inflation not
a factor.

<https://investor.mastercard.com/investor-news/investor-news-details/2021/Mastercard-SpendingPulse-U.S.-Retail-Sales-Grew-8.5-This-Holiday-Season/default.aspx>

It’s been a resurgent season for retailers as consumers stocked their
carts with
gifts and gadgets. According to Mastercard SpendingPulseTM, holiday retail
sales
excluding automotive increased 8.5% year-over-year this holiday season,
running
from November 1 through December 24. Notably, online sales grew 11.0%
compared to the same period last year, the preliminary insights show.
Mastercard
SpendingPulse measures in-store and online retail sales across all forms
of payment.

“Shoppers were eager to secure their gifts ahead of the retail rush, with
conversations
surrounding supply chain and labor supply issues sending consumers online
and to
stores in droves,” said Steve Sadove, senior advisor for Mastercard and
former CEO
and Chairman of Saks Incorporated. “Consumers splurged throughout the
season, with apparel and department stores experiencing strong growth as
shoppers sought to put
their best dressed foot forward.”

Findings from Mastercard SpendingPulse underscore the strength of the holiday
shopper across channels, with consumers returning to stores (+8.1% YOY), and
e-commerce continuing to expand, up 11.0% compared to 2020. Additional key
findings include:

* Consumers shopped early: Continuing a key trend from 2020, U.S.
consumers shopped earlier than in years past, as retailers offered special
promotions early and then again later in the season as shoppers raced to
secure “guaranteed by Christmas” shipping offers. Looking at Mastercard’s
expanded holiday season, total retail sales were up +8.6%* YOY for the 75
days between October 11 and December 24.

* Thanksgiving weekend remained key: Black Friday marked the top spending
day of the 2021 holiday season yet again. For the Thanksgiving weekend
running Friday, November 26 through Sunday, November 28, shoppers drove
U.S. retail sales up +14.1% YOY. In-store sales also rebounded, increasing
+16.5% YOY while e-commerce sales experienced sustained growth, up +4.9% YOY.

* Smaller boxes had a big impact: Whether consumers were shopping for
themselves or for loved ones, the Jewelry sector experienced some of the
strongest YOY and YO2Y growth.

* E-commerce sales snowballed: This holiday season, e-commerce made up
20.9% of total retail sales, up from 20.6% in 2020 and 14.6% in 2019. The
channel continues to experience elevated growth as consumers enjoy the
ease of holiday browsing and buying in the comfort of their own homes.
Trump Won
2022-01-05 09:28:28 UTC
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Post by Gronk
Post by max headroom
Post by Gronk
https://apnews.com/article/coronavirus-pandemic-lifestyle-
health-business-holidays-05a3bc6aff753ffd37cab20de1d7b066
Post by Gronk
Post by max headroom
Post by Gronk
Holiday sales rose at the fastest pace in 17 years, even as
shoppers grappled
Post by Gronk
Post by max headroom
Post by Gronk
with higher prices, product shortages and a raging new COVID-19 variant in the
last few weeks of the season, according to one spending measure.
Mastercard SpendingPulse, which tracks all kinds of payments
including cash
Post by Gronk
Post by max headroom
Post by Gronk
and debit cards, reported Sunday that holiday sales had risen 8.5% from a year
earlier. Mastercard SpendingPulse had expected an 8.8% increase.
still has some purchasing power.
Then they would have been doing before now.
Only a fiscally irresponsible liberal would think that way.

Debt is debt. Modern credit card interest rates can be raised any
time and will be.

Better buy a gun and ammo quick before interest rates go up.

Kyle is waiting.
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