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Industry Insight

SDSI: 7 new companies accepted into the Springboard business mentoring program. AGENDA: Registration and travel planning now open for January and February trade shows.

Details on Industry Insight.


Tiffany Montgomery
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Apparel sales soar during holidays

By Tiffany Montgomery
January 02, 2011 2:00 PM

 

The holiday shopping season turned in a robust performance, according to MasterCard SpendingPulse.

 

SpendingPulse aggregates payments using MasterCard credit cards and also uses surveys to estimate payments using cash and checks.

 

Overall holiday sales from Nov. 5 to Dec. 24 rose 5.5% vs. the same period of 2009, excluding auto sales.

 

The apparel category recorded strong sales, with sales rises 11.2%. Menswear sales rose 10.5% and women’s increased 5.6%.

 

Ecommerce sales grew 15.4%.

 

The luxury category continues to improve, with sales rising 6.7%. Jewelry sales rose 8.4%.

 

One disappointment was the electronics category, were sales rose a modest 1.2%. SpendingPulse theorized falling television prices were to blame.

 

 

 


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