Contact IRClose X

E-mail: investor_relations@mastercard.com
Phone: 914-249-4565

Transfer Agent

EQ Shareowner Services

Online
www.Shareowneronline.com

Telephone
Shareowner Relations Specialists are available Monday – Friday, from 7:00 a.m. to 7:00 p.m. Central Standard Time.
Toll-Free: 800-837-7579
Outside the United States: 651-450-4064

Written Correspondence
EQ Shareowner Services
P.O. Box 64874
St. Paul, MN 55164

Certified and Overnight Delivery
EQ Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55180

press-release-details

Mastercard SpendingPulse: Online Shopping Shines Bright This Holiday Season

12/21/2018

U.S. Holiday E-commerce Sales Grew 18 Percent Compared to 2017

PURCHASE, N.Y.--(BUSINESS WIRE)-- Consumers are on track to spend more online than ever before this holiday season, according to Mastercard SpendingPulse™. U.S. e-commerce sales trotted off to a strong start just before Thanksgiving, and grew 18.3 percent year-over-year in the period from November 1 through December 19. Mastercard SpendingPulse provides insights into overall retail spending trends across all payment types, including cash and check.

“Online shopping is experiencing a surge boosted by strong growth in Apparel, Department Store, and Jewelry e-commerce sales,” said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated. “A mix of early deals and cold weather helped drive shoppers online. In addition, we’re seeing more consumers finding out about brands and listening to shopping advice from social networks, communities and friends – making it even easier to buy from any connected device.”

Here’s a look at the online holiday shopping trends according to Mastercard SpendingPulse:

An e-commerce wonderland

  • E-commerce’s share of overall retail sales reached 13 percent of retail so far in the 2018 season, a new record for online penetration.
  • Apparel posted solid results online, with a 16.5 percent growth rate. Furthermore, Department Stores, Electronics and Jewelry all had growth rates between 7 and 10 percent.

Black Friday jingled all the way

  • E-commerce has been gaining volume over the last several years as online spending continued to diversify across Thanksgiving week and the entire month of November. Online sales on Black Friday grew 28.4 percent year-over-year.
  • Further, wintry weather on the East Coast helped bolster Black Friday online sales – especially during the traditional morning doorbuster sales.
  • On Black Friday, Department Stores saw the highest year-over-year growth of online sales with 28.5 percent, followed by Apparel, which saw 25.1 percent growth year-over-year.

Rockin' around Cyber Monday

  • The one day of the season focused exclusively on online shopping did not disappoint. Online sales came in above 29 percent growth year-over-year.
  • Specialty Apparel continued its hot run of online sales growth with over 20 percent growth year-over-year.
  • Department Stores performed strongly, too, lifting overall sector sales year-over-year growth (both in-store and online) to over 4% for the day.

About Mastercard SpendingPulse:

Mastercard SpendingPulse™ reports on national retail sales across all payment types in select markets around the world. The findings are based on aggregate sales activity in the Mastercard payments network, coupled with survey-based estimates for certain other payment forms, such as cash and check.

About Mastercard

Mastercard (NYSE:MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

Mastercard Communications

Julia Monti
Email: Julia.monti@mastercard.com
Tel: 914.217.9533

Chaiti Sen
Email: chaiti.sen@mastercard.com
Tel: 914.263.6542

Source: Mastercard Investor Relations

Contact Us

Investor Alerts

Email Address *

I agree that Mastercard International and its affiliates may use my contact details to send me the following communications from the Mastercard Investor Relations site.

Mailing Lists *





 
Enter the code shown above.

By clicking Submit, I understand that my personal data will be processed by Mastercard International and its affiliates in the context of the Mastercard Investor Relations Investor Alerts, as described in the global privacy notice, available on our website.