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☆ 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

☆ Discounts drew crowds but Black Friday week sales gain softest in years -report
▼ + stars: | 2023-11-28 | by ( Amina Niasse | ) www.reuters.com time to read: +3 min

People shop at the Shops at the Oculus and Westfield Shops during Black Friday shopping in New York City, U.S., November 24, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 28 (Reuters) - U.S. in-store retail sales swelled last week by the most since December courtesy of aggressive discounts, but the year-over-year sales gain for the week covering the traditional Black Friday shopping season kick-off was the smallest in six years. Sales volumes increased for retailers during the Black Friday weekend where cost-aware consumers sought out larger discounts on expensive purchases, according to the report. Buyers are experiencing the cheapest holiday shopping season in years with toys, games, and hobby gear dipping in price for the first time since 2020. Reuters GraphicsDespite the sales gain, the increase is the smallest Black Friday-week gain since 2017's 4.8% year-over-year increase.

Persons: Brendan McDermid, Buyers, ”, Steve Sadove, Amina Niasse, Andrea Ricci Organizations: Westfield Shops, REUTERS, Research, Sporting, Bureau of Labor Statistics, Mastercard, “, Thomson Locations: New York City, U.S

☆ Shoppers click 'buy' as retailers slash prices ahead of Cyber Monday
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 26 (Reuters) - Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, as the first Monday after the Thanksgiving holiday has become known as merchants step up online promotions, is set to be the biggest online shopping day of the year in the United States. Despite an earlier start to retailers' holiday promotions this year, there weren't a lot of great deals initially, Garf said. And "consumers clicked the buy button," spending $16.4 billion online in the U.S. and $70.9 billion globally that day, according to Salesforce. Other firms use different measurements to gauge online shopping patterns.

Persons: Brendan McDermid, Rob Garf, Garf, Salesforce, Vivek Pandya, Pandya, Steve Sadove, It’s, Vanessa O'Connell, Leslie Adler Organizations: Westfield Shops, REUTERS, Commerce, U.S . Retailers, Adobe Digital, Adobe, Mastercard, Saks Inc, Thomson Locations: New York City, U.S, United States, Salesforce

☆ Target to hire 100,000 workers, start holiday promotions in October
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

Shoppers wait in line at Target on the Thanksgiving Day holiday in Burbank, California, November 22, 2012. REUTERS/Jonathan Alcorn/File Photo Acquire Licensing RightsSept 19 (Reuters) - Target (TGT.N) said on Tuesday it would hire nearly 100,000 employees for the holiday season, a number that has been consistent over the last two years, and offer discounts as early as October to attract inflation-weary shoppers. In 2022, Amazon.com (AMZN.O) had announced plans to hire 150,000 employees across its operations for the holiday season, while retail bellwether Walmart (WMT.N) had said it would add 40,000 workers in seasonal and full-time roles. Macy's said on Monday it would hire more than 38,000 full and part-time seasonal workers, fewer than the 41,000 workers it had announced to hire in 2022. In a bid to draw shoppers, Target said it would start offering items under $25 across categories including apparel, home goods, and essentials and was hosting a "Deal of the Day" program starting October.

Persons: Jonathan Alcorn, Macy's, Steve Sadove, Ananya Mariam Rajesh, Deborah Sophia, Rashmi Aich, Anil D'Silva Organizations: REUTERS, Mastercard, Challenger, Walmart, Thomson Locations: Target, Burbank , California, U.S, Bengaluru

☆ Expect good numbers for value plays like Dollar General and Walmart, says former Saks CEO
▼ + stars: | 2023-08-16 | 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 EmailExpect good numbers for value plays like Dollar General and Walmart, says former Saks CEOSteve Sadove, former Saks CEO, joins 'Squawk on the Street' to discuss the overall dynamic for the U.S. consumer, the outlook for the holiday shopping season, and more.

Persons: Steve Sadove Organizations: Dollar, Walmart, Saks

☆ This holiday shopping season was very solid, says Mastercard senior advisor
▼ + stars: | 2022-12-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis holiday shopping season was very solid, says Mastercard senior advisorSteve Sadove, senior advisor to Mastercard, joins CNBC's 'Squawk Box' to break down new retail data covering the 2022 holiday shopping.

☆ Shoppers expected to spend on Black Friday, despite inflation
▼ + stars: | 2022-11-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

The holiday shopping season looks much different than it once did. Instead of doorbuster deals on Black Friday, retailers began their holiday sales in early fall. Shoppers are once again expected to buy around key holidays like Black Friday and also buy later in the season, hoping to land deals. Overall, holiday sales are expected to grow this year, but at a slower pace than last year. Holiday sales will increase by up to 8% this year, the National Retail Federation projects.

The holiday shopping season is in full effect as Thanksgiving week begins, and retailers are nervous. Data from the research group Factset show inventory levels among retailers including Walmart, Target, Amazon and Best Buy remain significantly above pre-pandemic levels. But those sales events are also coming at a time of a slowing economy and the ongoing weight of inflation, retail executives say. Despite the mixed economic signals, the U.S. Census Bureau reported unexpectedly strong retail sales for October. The National Retail Federation said earlier this month that it expects annual holiday sales growth to hit between 6% and 8%.

☆ Mastercard releases consumer spending survey
▼ + stars: | 2022-11-15 | 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 releases consumer spending surveySteve Sadove, senior advisor at Mastercard, joins 'Power Lunch' to discuss the results of Mastercard's SpendingPulse survey, holiday season sale robustness and the categories performing best in the current environment.

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