- First Data reports that overall holiday spending increased 4.7%Y/Y in 2016.
- For retail categories, the company says spending was up 3.6%,
- Retail e-commerce transactions rose 12%. More than one fifth (21.3%) of all holiday spending was conducted online, a substantial increase from 15.4% last year.
- Department store sales were down 4.8%.
- Clothing and accessories saw modest growth of 0.1%.
- Women’s ready-to-wear retailers saw a decline of 3.7%.
- Electronics and appliances sales were up up 8.5%.
- Related stocks: NASDAQ:AMZN, EBAY, ETSY, BBY,
- Related ETF: IBUY, XRT.
- Source: Press Release