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MASTERCARD: ONLINE JEWELLERY SALES GROW 9% IN THE HOLIDAYS

The jewellery sector experienced 1.8% growth in total retail sales
Tiffany & Co. jewelry
Credit: Iris Hortman

The Mastercard SpendingPulse report, released this week, shows that holiday retail sales (from November 1 through December 24) increased 3.4% in the US over 2018. Online sales grew a staggering 18.8% compared to 2018.

 

amazon online shopping jewelry
Credit: Worawee Meepian / shutterstock.com

 

According to the report, the jewellery sector experienced 1.8% growth in total retail sales, with online sales growing 8.8%. Total apparel saw a 1% growth, and a 17% growth in online sales. Electronics and appliances were up 4.6%, while the home furniture and furnishings category grew 1.3%.

 

US luxury jewelry shoppers
Credit: Syda Productions / shutterstock.com

 

Steve Sadove, senior advisor for Mastercard, commented: “E-commerce sales hit a record high this year with more people doing their holiday shopping online. Due to a later than usual Thanksgiving holiday, we saw retailers offering omnichannel sales earlier in the season, meeting consumers’ demand for the best deals across all channels and devices”.



Tags: Diamonds News, Jewelry News, Diamond Jewelry News

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