US retail sales increased 7.6% year-over-year for the period running November 1 through December 24, excluding automotive.
According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, in-store sales increased by 6.8% year-over-year while online sales ticked by 10.6%. E-commerce made a total of 21.6% of all retail sales this holiday shopping season, up from 20.9% in 2021 and 20.6% in 2020. Black Friday sales were also up 12% year over year, again excluding auto.
The SpendingPulse metric is not adjusted for inflation.
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