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0 0 0.00269526643831781 -9.35856402192796E-05 -0.000467928201096824 0.000673816609579452 0.00136635034720276 0.000252681228592268
Stock impact report

US holiday retail sales stronger than last year with online boost, Mastercard says [Yahoo! Finance Canada]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
was expected to be a highly competitive holiday season for retailers prompted last-minute shopping among consumers. The sales jump was well above a 3.1% increase a year earlier and handily beat Mastercard's forecast in September of a 3.2% rise, with the last five days of the season accounting for 10% of all holiday spending. Major retailers including Walmart, Target and Amazon.com ramped up promotions and value messaging to attract customers amid a highly competitive holiday season. "The holiday shopping season revealed a consumer who is willing and able to spend but driven by a search for value as can be seen by concentrated e-commerce spending during the biggest promotional periods," said Michelle Meyer, chief economist at Mastercard Economics Institute. Online sales rose at a faster pace of 6.7%, compared with a 6.3% rise last year, with apparel categories seeing strong demand. Low-cost e-commerce rivals Shein and PDD Holding's Temu all offered attractive Black Friday and C Show less Read more
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