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
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Source: Yahoo! Finance Canada
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
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- Mastercard reports holiday retail spending stronger than last year Mastercard said consumers were "value-minded" and shopped at both brick-and-mortar stores and online platforms in search of attractive deals. USA TODAY [USA TODAY]USA TODAY
- Holiday Sales Top Estimates With Boost From Online Shopping, Mastercard Says [Yahoo! Finance]Yahoo! Finance
MA
Earnings
- 11/1/24 - Beat
MA
Sec Filings
- 12/9/24 - Form 4
- 11/13/24 - Form 8-K
- 11/12/24 - Form 144
- MA's page on the SEC website