Strong holiday spending gives way to retail pause - PressReader

Feb 16, 2024 · Catalog; For You; The Capital. Strong holiday spending gives way to retail pause January’s weaker sales report could trigger rate cut 2024-02-16 - By Anne D’innocenzio . …

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Retail Sales Fall 0.8% As Shoppers Pause After Strong Holiday Season

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Feb 16, 2024 · PressReader. Catalog; For You; The Mercury (Pottstown, PA) Retail sales fall 0.8% as shoppers pause after strong holiday season 2024-02-16 - By Anne D’innocenzio . …

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Holiday Shoppers Increased Spending By 3.8% Despite Higher Prices

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Dec 26, 2024 · Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year earlier, according to Mastercard …

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Retail Sales Fall 0.8% In January As Shoppers Pause After Strong ...

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Feb 15, 2024 · NEW YORK (AP) — Americans pulled back their spending in January more than expected after the traditional holiday season splurge. Retail sales fell 0.8% in January from the …

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Holiday Shopping Surges, Flexing Strength Of US Economy

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Dec 26, 2024 · The shopping surge was most pronounced online, where spending grew 6.7% compared to the same period last year, the data showed. While the overall spending reflects …

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Retail Sales Fall In January As Shoppers Take Pause - PressReader

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Feb 16, 2024 · NEW YORK – Americans pulled back their spending more than expected in January after the traditional holiday season splurge. Retail sales fell 0.8% in January from the …

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Holiday Shopping Started Strong. Retailers Hope To Stick The …

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Dec 20, 2024 · Holiday spending has, so far, been strong online, though less robust in stores. Retailers expect to end the season on a strong note, posting some $989 billion in sales, or …

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Holiday Spending Rose 3.8%, With Apparel And Restaurants Strong ...

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Dec 27, 2024 · Total spending for the holiday shopping period running from Nov. 1 through Dec. 24, rose 3.8% from last year when excluding automobiles, compared with a 3.1% increase a …

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As Retailers Offered Holiday Discounts, Shoppers Showed Up

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Dec 27, 2024 · Total spending for the holiday period, from Nov. 1 through Dec. 24, rose 3.8%, according to data released Thursday by Mastercard SpendingPulse, which measures in-store …

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Last-minute Bargain Hunters Send Holiday Retail Sales Higher Than …

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Dec 26, 2024 · According to a Mastercard SpendingPulse report, online spending during the holiday shopping period from Nov. 1 to Dec. 24 grew by 6.7% over last year, compared to a …

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Largest U.S. Retail Association Predicts Slower Holiday Spending

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Oct 15, 2024 · The National Retail Federation said its 2024 forecast indicates that shoppers will make $979.5 billion to $989 billion worth of purchases in November and December.

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Markets See Mixed Day After Holiday Pause - PressReader

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Dec 27, 2024 · The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index’s three-day winning streak. The …

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FAQs about Strong holiday spending gives way to retail pause - PressReader Coupon?

Why did Americans pull back spending more than expected in January?

Americans pulled back their spending more than expected in January after the traditional holiday season splurge. Retail sales fell 0.8% in January from the strong pace in December when they rose a revised 0.4%, according to the Commerce Department’s report Thursday. Excluding sales at auto dealerships and gas stations, sales were down 0.5%. ...

Did the holiday bargains really work?

The bargains seem to have worked. Total spending for the holiday period, from Nov. 1 through Dec. 24, rose 3.8 percent, according to data released on Thursday by Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. ...

Do retailers still expect a strong sell-through during the holiday season?

Inventory still seems to be under control at most retailers, which means they expect solid sell-through during the holiday season and still are not expecting to run heavy promotions. The only exception is luxury, which seems to be sounding some alarms about the expected pullback on consumer spending, even more so than discount retailers. ...

Why did Americans reduce spending in January?

Americans reduced their spending in January after a holiday season splurge. The bigger-than-expected drop could help persuade Fed officials to cut interest rates. Americans pulled back their spending more than expected in January after the traditional holiday season splurge. ...

How did the shortened holiday season affect retail sales?

"The shortened holidays season this year compared to last year, with a tighter scrunch between Thanksgiving and Christmas, also left less time for in-store retail shopping and probably incentivized more phone and computer browsing and purchases," he said. While there were deals aplenty, retailers appeared to have been disciplined with promotions. ...

Which retailers are more 'conservative' during the holiday season?

Retailers like Walmart and T.J. Maxx entered the holiday season on strong footing, drawing shoppers into their stores with low prices and surprising finds. At FedEx, Brie Carere, the carrier’s chief customer officer, said that going into the season, she had expected that shoppers would be more “conservative” with their spending. ...