Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
ccording to Mastercard SpendingPulseTM, U.S. retail sales excluding automotive is expected to grow +15% on Black Friday compared to last year. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.
With many big-box retailers, department stores and outlet malls closed again on Thanksgiving Day, consumers will be gearing up for the main event – a Black Friday shopping blitz. Key trends to watch this Black Friday, include:
"Expect Black Friday shopping to be in full force across channels this year," said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated. "While retailers have already been heavily discounting this season, consumers and retailers are likely holding out for some special offers to land on the biggest promotional day of the year."
Mastercard SpendingPulse October Insights:
As anticipated, early holiday promotions drove consumers online and into stores. According to Mastercard SpendingPulse, October U.S. retail sales excluding automotive increased 9.5% year over year and 23.6% compared to October 2019. E-commerce sales in October grew 12.7% YOY and 96.0% YO3Y. Experiential sectors including Restaurants, Airlines and Lodging all saw double-digit growth compared to both 2021 and 2019.
"In October we saw the strength in the labor market continue to support consumer purchasing power," said Michelle Meyer, U.S. Chief Economist, Mastercard Economics Institute. "Coupled with heavy online promotions, consumers got a head start on their holiday shopping, fueling another strong month of retail sales."
Mastercard SpendingPulse |
||
|
2022 vs. 2021 |
2022 vs. 2019 |
Total Retail (ex. Auto) |
9.5% |
23.6% |
Total Retail (ex. Auto & Gas) |
8.4% |
22.4% |
E-commerce sales |
12.7% |
96.0% |
In-store sales |
8.9% |
14.8% |
Retail Sectors |
|
|
Apparel |
5.7% |
17.7% |
Department Stores |
1.1% |
7.8% |
Electronics |
4.5% |
29.3% |
Fuel & Convenience |
20.1% |
35.0% |
Furniture & Furnishings |
-1.1% |
22.1% |
Grocery |
7.2% |
25.3% |
Hardware |
3.4% |
15.3% |
Jewelry |
-3.8% |
34.1% |
Luxury (ex. Jewelry) |
-8.7% |
7.1% |
Restaurants |
16.6% |
43.8% |
Mastercard SpendingPulse |
||
|
2022 vs. 2021 |
2022 vs. 2019 |
Airlines |
17.2% |
7.3% |
Lodging |
36.9% |
56.6% |
*Excluding Automotive
Posted In: MA