Mastercard SpendingPulse: April U.S. Retail Sales Remain Steady, Up +7.2%* Year-Over-Year
Brick-and-Mortar Sales See Continued Rebound With Double-Digit Growth
From a clean home to a new wardrobe, Spring brings fresh starts and beckons consumers outside and back into stores. According to
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220505005348/en/
Key trends for April reinforce consumer resilience in the face of inflation and highlight seasonal spending across sectors and channels. Of note:
Springing into stores: In-store sales were up +10.0%, while e-commerce sales are down -1.8% compared to last year, reflecting consumer demand to get out. However, online sales remain elevated (+92.0%) vs pre-pandemic
April 2019. California, New York, Florida, Nevadaand Illinoiswere among the states leading the charge back to brick-and-mortar.
- Warm weather wardrobe: Consumers refreshing their wardrobes for potential summer travel and the warmer months ahead contributed to continued growth for Apparel (+10.8% YOY / +8.4% pre-pandemic) and Department Stores (+15.7% YOY / +22.3% pre-pandemic), though rates have started to soften from the peaks earlier this year.
- Nesting season: Furniture and Furnishing sales, which saw the seventh consecutive month of positive growth, were up +3.8% YOY and +25.7% compared to pre-pandemic 2019 levels. While the super-hot housing market is starting to show signs of cooling, consumers continue investing in their homes and feathering their nests for seasons to come.
“Whether for a family barbeque, returning to the office or senior prom, it seems like everyone is out shopping for something,” said
*Excluding automotive sales.
About Mastercard SpendingPulse:
Mastercard SpendingPulse reports on national retail sales across all payment types in select markets around the world. The findings are based on aggregate sales activity in the
Mastercard SpendingPulse defines “U.S. retail sales” as sales at retailers and food services merchants of all sizes. Sales activity within the services sector (for example, travel services such as airlines and lodging) are not included. Spending insights are preliminary.
914- 249-1771 | email@example.com
Source: Mastercard Investor Relations