Friday, January 21, 2022
27.7 F
Fort Worth

Happy Holidays for Amazon

🕐 1 min read

Amazon.com shares leapt to a five-month high after a report showed online spending soared nearly 20% during the Christmas holiday shopping season. The data from Mastercard SpendingPulse showed that while overall retail sales rose 3.4% between Nov. 1 and Dec. 24 compared with last year, online sales grew 18.8%. Thanksgiving landed on Nov. 28 this year, the latest possible date it could fall.

That meant six fewer shopping days than last year, forcing last-minute shoppers to scramble. The Saturday before Christmas was the busiest shopping day in U.S. history, surpassing Black Friday, according to research firm Customer Growth Partners. Mastercard SpendingPulse tracked spending online and in stores across all payment types, including those who paid by cash or check. Sales of automobiles are not included. Amazon shares closed up 4.4% at $1,868.77.

Related Articles

Our Digital Sponsors

Latest Articles

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.