Amazon, the world's biggest online retailer, is projected to capture half of the e-commerce
holiday spending growth, according to Bain & Co..
Not exact matches
Lower gas prices — down about 9 % compared to last year — are adding a few billion to U.S. consumers» 2014
holiday spending budget, Customer
Growth Partners President Craig Johnson told Fortune.
With only the two upper quintiles of American households seeing any kind of meaningful income
growth, and the bottom three quintiles still feeling the lingering effects of the recession, the
holiday spending landscape has likely become bifurcated.
This will directly impact the pocketbooks of consumers, and could lead to even lower economic
growth during the quarter (and even during fourth - quarter
holiday spending).
Another facilitator of this
growth spurt came from online
holiday spending, which increased 18.1 % this year, according to the Mastercard data.
«
Spending growth on credit cards hit a four - month high in December as consumers increasingly turned to credit to fund discretionary
holiday purchases,» said First Data's Krish Mantripragada in a statement released with the data Jan. 13.
«Consumer
spending growth gained momentum in October, which should provide retailers with an optimistic outlook heading into the
holiday season,» said First Data's Krish Mantripragada in a statement.
Another facilitator of this
growth spurt came from online
holiday spending, which increased 18.1 % this year, according to the Mastercard data.
And, of course, Lore's still playing catch - up to nemesis Jeff Bezos and Amazon, whose endless aisles captured about half of online
spending growth during the
holidays, according to Bain & Co..
(TNS)-- Consumer
spending, a key driver of the U.S. economy, showed solid
growth last month to kick off the
holiday shopping season as incomes also kept rising, the Commerce Department said Wednesday.
«Retail sales
growth into the
holidays is reflecting the
spending intentions of shoppers.