Holiday Spending Up 3% Over Last Year

Holiday Spending Up 3% Over Last Year

Retail holiday spending during the 2023 holiday season rose just over 3% year over year, according to data from Mastercard SpendingPulse. “This holiday season, the consumer showed up, spending in a deliberate manner,” says Michelle Meyer, chief economist at the...
$743 Billion in Merchandise Returned in 2023

$743 Billion in Merchandise Returned in 2023

Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in 2023, a return rate of 14.5%, according to a report released by the National Retail Federation (NRF) and Appriss Retail. For every $1 billion in...