28 May 2022
DiamondWorld Directory
-
Home |
News
Home
US Jewellery Sales Grew 32 per cent this Holiday Season
US holiday jewellery sales increased 32% year-over-year this holiday season, running from 1st November to 24th December, according to Mastercard SpendingPulse
By: Diamond World News Service
|
Jan 5 2022 1:07PM
|
Reference: 26077  

DecreaseIncrease

Holiday jewellery sales were 26.2% higher than the corresponding period in 2019. The payments tracking firm noted that whether consumers were shopping for themselves or for loved ones, the jewellery sector experienced some of the strongest YOY and YO2Y growth.

Overall, it’s been a resurgent season for retailers as consumers stocked their carts with gifts and gadgets. Total holiday retail sales excluding automotive increased 8.5% year-over-year this holiday season. Notably, online sales grew 11.0% compared to the same period last year.

“Shoppers were eager to secure their gifts ahead of the retail rush, with conversations surrounding supply chain and labour supply issues sending consumers online and to stores in droves,” said Steve Sadove, Senior Advisor for Mastercard and Former CEO and Chairman of Saks Incorporated. “Consumers splurged throughout the season, with apparel and department stores experiencing strong growth as shoppers sought to put their best dressed foot forward.”

Findings from Mastercard SpendingPulse underscore the strength of the holiday shopper across channels, with consumers returning to stores (+8.1% YOY), and e-commerce continuing to expand, up 11% compared to 2020. 

Continuing a key trend from 2020, US consumers shopped earlier than in years past, as retailers offered special promotions early and then again later in the season as shoppers raced to secure “guaranteed by Christmas” shipping offers. 

Black Friday marked the top spending day of the 2021 holiday season yet again. This holiday season, e-commerce made up 20.9% of total retail sales, up from 20.6% in 2020 and 14.6% in 2019. The channel continues to experience elevated growth as consumers enjoy the ease of holiday browsing and buying in the comfort of their own homes.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 30858
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 7847
GJEPC Chairman Interview
Views: 27062
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 37523
Promo for IJ Awards 2012 at NDTV Profit
Views: 51522
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 65140
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21016
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49350
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 50641
Member of:
Supporter of: