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Express News | Retail sales during the holiday shopping season in the USA exceeded expectations, but retailer profits may be under pressure due to price reductions and promotions.
Retail sales during the holiday season in the USA increased by nearly 4% year-on-year, accelerating growth, with promotions clearly stimulating Consumer spending.
This year's retail sales during the holiday season in the USA increased by 3.8% year-on-year, while the growth rate for 2023 was 3.1%. The last five days of this year's holiday season accounted for 10% of the overall holiday consumption. The holiday shopping season shows that American consumers are willing and able to spend, but the driving force is the pursuit of value, which can be seen in the concentrated CNI Online Consumption Index during major promotional events.
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Shares of Retail Stocks Are Trading Higher in Possible Reaction to Mastercard SpendingPulse Data, Which Showed US Retail Sales Grew 3.8% in the Holiday Season.
Holiday Shoppers Increased Spending by 3.8% Despite Higher Prices
Late Burst Helps Holiday Retail Sales Rise 3.8% - Mastercard SpendingPulse
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