Holiday shopping is continuing to move rapidly online, with an 18.1 percent increase from 2016 to this year in the U.S., according to MasterCard SpendingPulse. The global shift in shopping habits is led by consumers in the U.K., however, who a Nomura analyst says did 15.7 percent of their retail shopping online in 2017, Business Insider reports.
Data from Barclays shows online shopping in the U.K. is rising by more than 1 percent per year, suggesting that half of all credit and debit card transactions will be done online by 2050, and the Office for National Statistics says Britons now spend an average of £1.2 billion online weekly, up over 10 percent from just a year ago.
In a study of U.S. consumer spending from Nov. 1 through Dec. 24, Mastercard found holiday sales increased by 4.9 percent, the largest increase since 2011, with online shopping surpassing traditional “brick and mortar” gains in numerous categories.
“Evolving consumer preferences continue to play out in the aisles and online sites of retailers across the U.S.,” said Sarah Quinlan, senior vice president of Market Insights, Mastercard. “Overall, this year was a big win for retail. The strong U.S. economy was a contributing factor, but we also have to recognize that retailers who tried new strategies to engage holiday shoppers were the beneficiaries of this sales increase.”
December 23 was the next biggest day to Black Friday for overall shopping, bringing the holiday total for U.S. online spending

© 2012 Webhosting news Suffusion theme by Sayontan Sinha