December Electronics Sales Jumped 16% Year on Year, Says Mastercard
Electronics sales grew 16% year on year in December, 17.6% from 2019, MasterCard’s SpendingPulse reported Thursday. Total retail sales, excluding autos and gas, were up 6.9% and 8.1%, in the “robust shopping season,” it said. Online sales increased 13.4% vs.…
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December 2020 and 60.4% over 2019. Innovation in 2022 will amp up as retailers look at different platforms and tactics to reach “hyper-connected consumers,” it said. Mastercard expects omnichannel retail trends to continue with retailers offering hybrid models to let consumers shop how they want. The demand for personalized experiences will require a heightened focus on consumer privacy, Mastercard said. It noted consumers are looking for retailers that share their values and create and deliver products in a sustainable and inclusive way. Globally, 85% of adults are willing to take personal action to combat environmental and sustainability challenges, it said, and 62% believe it’s more important now that companies behave in a sustainable and eco-friendly way.