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Mastercard: jewellery sales in US will soar 59 percent yoy



Mastercard SpendingPulse estimates in-store and online sales in the United States will climb 7.4 percent and 7.6 percent respectively during the “75 Days of Christmas” from 1 Nov to 24 Dec.


Over the last half year, the jewellery category has been experiencing some of the strongest yoy and yo2y growth. The category soared 74 percent yoy in August. It is anticipated to continue through the holidays. According to Mastercard, revenue from the sector will grow 59 percent versus 2020.


“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,” Steve Sadove, senior advisor for Mastercard noted.

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