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Holiday Retail Spending Rises Amid E-Commerce and AI Trends

1 min read
Source: CNBC
Holiday Retail Spending Rises Amid E-Commerce and AI Trends
Photo: CNBC
TL;DR

U.S. holiday retail spending increased by 4.2% driven mainly by e-commerce and electronics, despite economic challenges and cautious consumer sentiment, with online sales up 7.8% and electronics leading growth. In-store shopping remains dominant, but AI is increasingly influencing shopping habits. Overall, real growth is estimated at around 2.2% after inflation adjustments, reflecting resilient consumer spending amid economic headwinds.

Topics:top-newsbusiness#business#consumer-behavior#e-commerce#electronics#inflation#retail-spending
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  1. Holiday retail spending rose 4.2% this season, driven by e-commerce and electronics: Visa report  CNBC
  2. Visa: Sales are up 4.2% for first 7 weeks of the holiday shopping period but the pace lags last year  ABC News
  3. Mastercard SpendingPulse: Savvy Shoppers and E-Commerce Fuel U.S. Holiday Retail Sales Growth by 3.9% YOY  Yahoo Finance Australia
  4. Has Holiday Shopping Halted? Circana Finds Lack of Momentum  Happi | Household And Personal Products Industry
  5. Holiday spending up solidly in the age of AI - Visa  Seeking Alpha

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