US Jewellery Sales +107.6% In June: Mastercard

US Jewellery Sales +107.6% In June: Mastercard

US jewellery sales continued their 2021 dream run, having more than doubled (+107.6%) in June 2021 on a year-on-year basis, and climbed 59.2% versus June 2019, according to the latest Mastercard SpendingPulse monthly macroeconomic report which tracks American retail sales.

Total US retail sales in June marked the ninth consecutive month of total retail sales growth, rising 11% year-over-year (excluding automotive and gasoline), and increasing +10.4% compared to June 2019.

E-commerce growth continued to hold steady +8.3% year-on-year and +95.0% versus 2019, reflecting the ongoing shift to digital, driven by the pandemic, it noted. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment.

Specifically, sales growth for restaurants +55.1% YOY/ +16.8% YO2Y, department stores +67.4% YOY/ +11.8% YO2Y and apparel +62.9.1% YOY/ +12.7% YO2Y are up as consumers continue to venture out more for meals and shop both online and in stores, refreshing their looks for summer camp, vacations and travel, Mastercard said.

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