Holiday Retail Spending Rises Amid E-Commerce and AI Trends
TL;DR Summary
U.S. holiday retail spending increased by 4.2% driven mainly by e-commerce and electronics, despite economic challenges and cautious consumer sentiment, with online sales up 7.8% and electronics leading growth. In-store shopping remains dominant, but AI is increasingly influencing shopping habits. Overall, real growth is estimated at around 2.2% after inflation adjustments, reflecting resilient consumer spending amid economic headwinds.
- Holiday retail spending rose 4.2% this season, driven by e-commerce and electronics: Visa report CNBC
- Visa: Sales are up 4.2% for first 7 weeks of the holiday shopping period but the pace lags last year ABC News
- Mastercard SpendingPulse: Savvy Shoppers and E-Commerce Fuel U.S. Holiday Retail Sales Growth by 3.9% YOY Yahoo Finance Australia
- Has Holiday Shopping Halted? Circana Finds Lack of Momentum Happi | Household And Personal Products Industry
- Holiday spending up solidly in the age of AI - Visa Seeking Alpha
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