US Jewelry Spending Down 5.4 % over Holiday Season

By John Jeffay / December 29, 2022 / www.idexonline.com / Article Link

(IDEX Online) - The holiday season saw a 5.4 per cent drop in year-on-year jewelry sales in the US, despite a growth in overall spending of 7.6 per cent.Shoppers opted to spend their dollars on eating out - restaurants raked in 15.1 per cent more than in 2021, according  to Mastercard SpendingPulse's report on US retail sales across all payment types.Spending on clothes also rose, by 4.4 per cent, but electronics was down by 5.3 per cent.The figures relate to in-store and online purchases for the period 1 November to 24 December. Total retail sales, not including the automotive sector, were up 7.6 per cent."Inflation altered the way US consumers approached their holiday shopping - from hunting for the best deals to making trade-offs that stretched gift-giving budgets," said Steve Sadove, senior advisor for Mastercard.

Recent News

Energy outperforms gold and tech for first time in years

March 23, 2026 / www.canadianminingreport.com

Gold stocks crash along with metal price

March 23, 2026 / www.canadianminingreport.com

Mining stock ETFs slide, gold sector valuations high

March 16, 2026 / www.canadianminingreport.com

Rise in oil price a potential net gain for Canada

March 16, 2026 / www.canadianminingreport.com

Gold stocks slump partly on fears of cost increases

March 09, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok