DIRS.INFO The most relevant business & tech news

☆ Mastercard SpendingPulse: Retail sales grew 7.3% in April
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard SpendingPulse: Retail sales grew 7.3% in AprilSteve Sadove, Senior Advisor at Mastercard, discusses the key findings from the latest Mastercard SpendingPulse.

Persons: Steve Sadove Organizations: Mastercard, Mastercard SpendingPulse

☆ Abercrombie, American Eagle and Lululemon raise holiday sales outlooks
▼ + stars: | 2024-01-08 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Abercrombie & Fitch , Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December. Shares of Abercrombie and American Eagle rose about 6% on Monday. Urban Outfitters shares also popped in extended trading after the retailer announced strong holiday-quarter sales weeks before its earnings report. In a news release, Abercrombie CEO Fran Horowitz said the women's business for Abercrombie & Fitch is expected to hit highest-ever fourth-quarter sales. Abercrombie, American Eagle and Lululemon are expected to report full holiday results in March.

Persons: Lululemon, it's, Jay Schottenstein, Abercrombie, Fran Horowitz, Fitch Organizations: Abercrombie, Fitch, Lululemon, American Eagle Outfitters, Street, Urban Outfitters, Adobe Analytics, Mastercard SpendingPulse, American Eagle, Walmart, Target, CNBC PRO Locations: Orlando, U.S, Abercrombie

☆ From FedEx to airlines, companies are starting to lose their pricing power
▼ + stars: | 2023-12-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Andrew Kelly | ReutersAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Nike last week lowered its annual sales growth forecast and unveiled plans to cut costs by $2 billion over the next three years. "Goods companies don't have the pricing power they did in the pandemic, and some in the hotel and travel [industries] — they don't have the pricing power they did in the immediate post-Covid," he added. Sales growth for companies in the S&P 500 is on track to average 2.7% this year, according to mid-December analyst estimates posted by FactSet. Consumer spending on apparel and groceries rose 2.4% and 2.1%, respectively, from the year-earlier period, according to the survey.

Persons: Andrew Kelly, Mills, Joe Cavaretta, David Kelly, FactSet, Kelly, isn't, airfare, John F, Bob Jordan, Jordan, Ohsung Kwon Organizations: FedEx, Reuters, Shipping, Airlines, Target, Nike, Spirit Airlines, Hasbro, Fort Lauderdale Hollywood International, South Florida Sun Sentinel, Tribune, Service, Getty, Florida Sun, Morgan Asset Management, FactSet, Mastercard, Starbucks, Airline, U.S . Department of Labor, Kennedy International, Southwest, CNBC, Detroit automakers, Toyota, Cox Automotive, Bank of America Locations: New York, speedier, Fort, South

☆ Digital Payments Are Having a Jolly Holiday
▼ + stars: | 2023-12-02 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

Buy now, pay later point-of-sale lending offered by Afterpay and others generated 42.5% more online spending on Cyber Monday this year than last year. Photo: Richard B. Levine/Zuma PressThis year’s Black Friday might not have been marked by stories of mobs of shoppers like in past years, but it made up for that drama digitally. In-store U.S. retail sales on Black Friday rose 1.1% over last year, according to Mastercard SpendingPulse, and e-commerce sales were up 8.5%. That might help give a second wind to digital payments stocks whose shares have struggled at times in the postpandemic era.

Persons: Afterpay, Richard B, Levine Organizations: Mastercard SpendingPulse

☆ Record-setting holiday sales hit $12 billion
▼ + stars: | 2023-11-27 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Enticed by deep discounts, Americans are expected to celebrate Cyber Monday by spending a record-setting $12 billion online shopping. The early results suggest the holiday shopping season is off to a positive start, aided in part by lower gas prices. Another popular measure of holiday spending, Mastercard SpendingPulse, found e-commerce sales jumped by an even stronger 8.5% year-over-year on Black Friday. In another sign of sturdy consumer spending, Americans continue to travel aggressively. That’s down 63 cents from the peak in September and marks 60 consecutive days of falling gas prices.

Persons: New York CNN —, ” Michelle Meyer, men’s hoodies, Mastercard SpendingPulse, ”, Mastercard’s Meyer, That’s, Sensormatic, Covid, Meyer, ” Meyer Organizations: New, New York CNN, Mastercard Economics Institute, CNN, Adobe Analytics, Adobe, JCPenney, Mastercard, SpendingPulse, Bank of America, Transportation Security Administration, Federal Reserve, AAA Locations: New York

☆ Amazon's leading delivery service is a huge win for the company's growing retail business
▼ + stars: | 2023-11-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

It gives us another reason to be confident in the firm's retail business as the holiday online shopping season gets off to a strong start this year. Postal Service remains the largest parcel service by volume, handling packages for its customers as well as all three delivery companies. "People shop every day on Amazon," Jim added. The company's speedy, same-day delivery service is a huge value proposition of the Prime membership — made possible, in part, by Amazon's push to become the U.S. package delivery company in the U.S. The Amazon Prime logo is displayed on the side of an Amazon delivery truck in Richmond, California, June 21, 2023.

Persons: Andy Jassy, Jim Cramer, they've, Jim, Goldman Sachs, Goldman, we've, —, Amazon, Jim Cramer's, Justin Sullivan Organizations: Wall, Amazon, United Parcel Service, Journal, FedEx, U.S . Postal Service, Insider Intelligence, Adobe, Mastercard, National Retail Federation, CNBC Locations: U.S, Richmond , California

☆ US Black Friday sales rise 2.5% -Mastercard Spendingpulse
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Vincent Alban Acquire Licensing RightsNov 25 (Reuters) - Mastercard (MA.N) Spendingpulse said on Saturday that U.S. retail sales on Black Friday rose 2.5% year-over-year excluding automotive sales, not adjusted for inflation. In September, Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, said it anticipated U.S. retail sales, excluding automotive, to grow 3.7% during the holiday season, running from Nov. 1 through Dec. 24. Black Friday refers to the day after the U.S. Thanksgiving holiday, when retail sales are traditionally strong. E-commerce sales on Friday increased by 8.5% year-over-year as consumers shopped for deals online, while in-store sales increased by 1.1%, MasterCard Spendingpulse said. Reporting by Gursimran Kaur in Bengaluru Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Vincent Alban Acquire, Spendingpulse, MasterCard Spendingpulse, Gursimran Kaur, Matthew Lewis Organizations: Woodbury, REUTERS, Mastercard, Mastercard SpendingPulse, U.S, MasterCard, Adobe Analytics, Adobe, Thomson Locations: Central Valley , New York, U.S, Bengaluru

NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects holiday sales growth will slow to a range of 3% to 4%, compared with 5.4% growth of a year ago. For the holiday 2021 season, sales for the two-month period surged 12.7%. Analysts say that shoppers could become rattled if the Israel-Hamas war is not contained, particularly heading into the critical holiday season. Political Cartoons View All 1230 ImagesThe forecast from the retail trade group considers a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather. The consulting firm Deloitte expects holiday sales to jump between 3.5% and 4.6%.

Persons: It's, Craig Johnson, They’re, Kohl’s, It’s, ”, Christie Raymond, “ We’re, they’ve, they’re Organizations: National Retail Federation, Analysts, Federal, Federal Reserve, Fed, Mastercard SpendingPulse, Deloitte, Growth Partners, clogs Locations: Israel

☆ Mastercard SpendingPulse: Consumer spending on experiences remains resilient
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard SpendingPulse: Consumer spending on experiences remains resilientMichell Meyer, Chief Economist at the Mastercard Economics Institute, discusses the latest Mastercard SpendingPulse report for the month of July.

Persons: Michell Meyer Organizations: Mastercard, Mastercard Economics Institute

☆ Mastercard SpendingPulse shows strong consumer demand for experiences and e-commerce
▼ + stars: | 2023-06-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard SpendingPulse shows strong consumer demand for experiences and e-commerceMichelle Meyer, Mastercard Economics Institute Chief U.S. Economist, breaks down the results of Mastercard's May SpendingPulse snapshot.

Persons: Michelle Meyer, Mastercard's Organizations: Mastercard, Mastercard Economics, Chief U.S, Economist

☆ Holiday 2022: Online sales jump 3.5%, boosted by discounts
▼ + stars: | 2023-01-05 | by ( Melissa Repko | ) www.cnbc.com time to read: +1 min

Online sales during the holiday season jumped 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record high discounts persuaded shoppers to open up their wallets. That spending marked a new record for e-commerce sales during the major retail season, according to Adobe. The overall spending got a boost from key shopping holidays, including $35.3 billion in online sales during Cyber Week, the five-day period from Thanksgiving to Cyber Monday. The latest holiday numbers come as retailers brace for a tougher year and weigh if consumers are running out of gas. In a separate report, which includes in-store spending, holiday sales rose 7.6% in stores and online from Nov. 1 to Dec. 24, according to data from Mastercard SpendingPulse.

☆ Here are some strategies that can help you dig out of holiday debt
▼ + stars: | 2023-01-04 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +5 min

A new LendingTree study found 35% of Americans amassed holiday debt in 2022. And 37% of those taking on holiday debt said it would take them at least five months to pay it off. If you want to pay off your holiday debt well before this summer, here are seven steps you need to take now. Using less than 30% of your available credit can help you maintain your score, credit experts say, while using less than 10% can actually help raise that number. "A 0% balance transfer card, if you have good enough credit to get one, is the best weapon against credit card debt," said Matt Schulz, chief credit analyst at LendingTree.

☆ Retailers brace for tougher times and more frugal customers in 2023
▼ + stars: | 2023-01-02 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Sales from Nov. 1 to Dec. 24 rose 7.6%, according to data from MasterCard SpendingPulse, which measures in-store and online retail sales across all forms of payment. The next few weeks, which close out many retailers' fiscal year, could help determine whether the holiday quarter is a win or a bust. Retailers enter 2023 reckoning with the fact that store traffic already lagged during peak weeks of the holiday season. It is also retailers' last chance to sell through excess inventory and start the new fiscal year in a cleaner position. Like many other retailers, Walmart's holiday quarter includes January.

☆ U.S. retail sales grows 7.6% in holiday season -Mastercard data
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +1 min

Dec 26 (Reuters) - U.S. retail sales rose 7.6% between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on Monday. However, sales of electronics dropped 5.3% over the broader roughly two-month period, according to the Mastercard SpendingPulse report. Online sales jumped 10.6% in the period, slightly less than the 11% increase last year, the Mastercard report said. Meanwhile, during the cyber week, total retail sales had jumped about 11%, a separate Mastercard SpendingPulse report in late November showed. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment.

Nov 29 (Reuters) - Deal-hungry Americans snapped up everything from toys to electronics during the five-day long Thanksgiving through Cyber Monday shopping bonanza lured by steep discounts, sales data showed. Online toy sales on Cyber Monday jumped nearly eight-fold compared to an average day in October 2022, according to Adobe. Electronics sales rose about five-fold, while sporting goods, appliances and books also saw increases over 400%. Reuters Graphics Reuters GraphicsCyber Monday sales rose 5.8%, said Adobe, which analyzes purchases at 85% of the top 100 internet retailers in the United States. Overall global online sales for the cyber week hit an all-time high of $281 billion, according to data from Salesforce (CRM.N), while U.S. online sales gained 9% to $68 billion.

Consumers held out for better deals over the Thanksgiving weekend, even as retailers ranging from Target Corp (TGT.N) to Kohl's Corp (KSS.N) kicked off a holiday discount frenzy as early as October. "The Thanksgiving holiday shopping weekend is a tradition treasured by many American families ... As inflationary pressures persist, consumers have responded by stretching their dollars in any way possible," NRF President Matthew Shay said. In comparison, the number of people shopping online grew at a slower pace. "It is important to note that while some may claim that retail sales gains are the result of higher prices ... Data from Mastercard SpendingPulse, which measures in-store and online sales across all forms of payments, also showed on Tuesday that U.S. retail sales rose about 11% between Thanksgiving Day and Sunday.

Search resuls for: "Mastercard SpendingPulse"

16 mentions found