Jewelry Sales Expected to Rise in The US For Holiday Season

Mastercard SpendingPulse revealed that US holiday retail sales are expected to grow 7.4% in 2021. Consumers are expected to spend online 7.6% more than last year.

Sales of Jewelry in the US between November 1 and December 24 are expected to be 59% if compared to the same period last year. According to Mastercard SpendingPulse™, due to savings and government stimulus, consumers have the means and the willingness to spend more through the holiday season this year.

Steve Sadove, senior advisor for Mastercard said: “This holiday season will be defined by early shopping, bigger price tags and digital experiences. Over the past two years, retailers have learned a lot about what shoppers want and need, bringing us into an exciting new age of retail resilience.”