According to Mastercard SpendingPulse, which measures overall retail sales across all payment types, US retail sales are anticipated to grow 7.4% excluding automotive and gas. Consumers are expected to spend online at higher rates (+7.6%) than in 2020, while in-store sales are also expected to see a rebound—growing 6.6% compared to 2020.
With early holiday shopping slated to begin in October, retail sales for the ‘75 Days of Christmas,’ are anticipated to grow 6.8% excluding automotive and gas, and ecommerce sales to grow by 7.5% compared to the same time period in 2020.
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