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October 10, 2022
Mastercard: September Enjoys Solid Retail Sales Growth
Posted In: Retail Articles

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Retail sales in the United States, excluding automotive, increased 11% year over year in September, according to Mastercard SpendingPulse, as a cooling housing market limited Furniture and Furnishings, and Hardware sector growth, but less COVID-19 pandemic concerns boosted Restaurants, Airlines and Lodging.

With automotive and gas excluded, sales grew 9.7% from September 2021.

E-commerce sales continued to gain, up 10.7% from September 2021 according to Mastercard, while in-store sales advanced 11.1%.

Sales in September 2022 advanced 24.6% versus pre-pandemic September 2019 sans automotive and 22.3% sans automotive and gas. Versus September 2019, e-commerce sales gained 90.3% while in-store sales advanced by 16.9%. Mastercard SpendingPulse measures physical store and digital retail sales across all forms of payment and is not adjusted for inflation.

By retail sector, as defined by Mastercard, year-over-year September sales were:

  • Apparel up 8.9%
  • Department Stores up 7.3%
  • Electronics up 13.9%
  • Fuel and Convenience up 23.5%
  • Furniture and Furnishings up 1.4%
  • Grocery up 9.4%
  • Hardware up 1.7%
  • Jewelry up 6.9%
  • Luxury, excluding jewelry, down 5.2%

Under the experiences heading, Restaurant sales gained 10.9% while Airlines sales increased 56.4% and Lodging sales increased 38.1%.

Retail sector sales versus pre-pandemic 2019 were:

  • Apparel up 25.9%
  • Department Stores up 22.7%
  • Electronics up 32.7%
  • Fuel and Convenience up 47.5%
  • Furniture and Furnishings up 29.4%
  • Grocery up 24.8%
  • Hardware up 17%
  • Jewelry up 67.7%
  • Luxury, excluding jewelry, up 6.2%

As for experiences sales versus 2019, Restaurant sales gained 44.9% while Airlines sales increased 10.9% and Lodging sales increased 42.5%.

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