PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Events
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Events
No Result
View All Result
PaymentsJournal
No Result
View All Result

November Retail Sales End String of Monthly Gains

Raymond Pucci by Raymond Pucci
December 16, 2020
in Analysts Coverage, Commerce, E-commerce
0
November Retail Sales End String of Monthly Gains

November Retail Sales End String of Monthly Gains

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Just released U.S. Commerce Dept. numbers show retail sales ending their monthly sales gain streak that began last spring. The decrease from October to November was just 1%, but it’s reflective of renewed business shutdowns and less shoppers in stores as Covid cases are on the rise. There were some retail category winners, such as groceries, building materials, and no surprise—online. Interestingly, November retail sales were up 4% from the same period last year. All eyes are now on the federal stimulus package being discussed by Congressional leaders.

The following excerpt from a Wall St. Journal article reports more on the topic:

The holiday shopping season got off to a muted start as U.S. consumers reined in November spending amid a surge in coronavirus infections and new business restrictions in some states.

U.S. retail sales, a measure of purchases at stores, restaurants and online, dropped a seasonally adjusted 1.1% in November from the prior month, the Commerce Department said Wednesday. October sales were revised to a decline of 0.1% from an earlier estimate of a 0.3% increase. Sales were up by 4.1% in November when compared with the same month a year ago.

The November and October drops marked the end of several months of growth in retail spending after sharp declines earlier this year when the coronavirus pandemic triggered widespread business closures.

The retail sales report is the latest reading on the U.S. economy to suggest the recovery continues but is slowing after a burst of growth over the summer.

Overview by Raymond Pucci, Director, Merchant Services at Mercator Advisory Group

Tags: commerce platformCoronavirusCovid-19e-commerceRetailSales
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily
    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Explaining the Bill Payment Ecosystem

    Explaining the Bill Payment Ecosystem

    January 15, 2021
    QSRs Can Address Loyalty Program Shortcomings by Serving Up Better Offers

    QSRs Can Address Loyalty Program Shortcomings by Serving Up Better Offers

    January 14, 2021
    How Merchants Can Prevent Account Takeovers—and Why Failing to Do So Amplifies Operational Expenses

    How Merchants Can Prevent Account Takeovers—and Why Failing to Do So Amplifies Operational Expenses

    January 13, 2021
    How Banks Can Leverage Tech Partnerships to Enable Innovation for Commercial Clients

    How Banks Can Leverage Tech Partnerships to Enable Innovation for Commercial Clients

    January 11, 2021
    The Future of Phixius (and Interoperable Financial Services)

    The Future of Phixius (and Interoperable Financial Services)

    January 8, 2021
    Fraudulent Activity is the New Virus, and Here Are Some Possible Solutions

    Fraudulent Activity is the New Virus, and Here Are Some Possible Solutions

    January 7, 2021
    The Future for Restaurants is Touchless

    The Future for Restaurants is Touchless

    January 6, 2021
    Reimagining the Insurance Industry During COVID-19: Why the Cloud is Leading the Way

    Reimagining the Insurance Industry During COVID-19: Why the Cloud is Leading the Way

    January 5, 2021

    Connect With Us

    • Advertise With Us
    • About Us
    • Terms of Use
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • COVID-19
    • News
    • Events

    © 2021 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result
    ×

    Login

    Forgotten Password?

    Lost your password?
    | Back to Login

      Subscribe!

      Thank you for visiting PaymentsJournal! Please subscribe to our newsletter to receive consumer data insights and daily analysis from Mercator analysts and industry experts.

      ×

      How will COVID-19 Effect the Payments Industry?

      Check out our latest:

      – Consumer Data – Complimentary Reports
      – Podcasts – Mercator Analyst Commentary
      – Industry Opinions

      ×

        Download the complimentary whitepaper - INSIGHTS ON CHANGING CONSUMER BEHAVIOR
        Published on July 15th

        ×

        WEBINAR:
        How Digital Acceleration Will Affect Payment Industry

        Please join us for this panel discussion on addressing the challenges to pave the way to payments innovation and profitability and gain insights on the key trends and challenges impacting the payments landscape in North America.

        REGISTER