Industry Newsai shoppingconsumer retailamerican express
Consumers Drive Holiday Spending Up Year-Over-Year
7.0
U.S. consumer retail spending from the week before Thanksgiving through Cyber Monday (Dec. 1) rose 9% year over year, American Express Chairman and CEO Stephen Squeri said Dec. 10, with Platinum cardholder spending up 13%. NRF reported a record 202.9 million shoppers over the five-day holiday weekend, while Mastercard and Visa data showed modest retail growth and increased use of AI and digital wallets.
Key Points
- 1Reports show U.S. holiday retail spending up 9% year-over-year through Cyber Monday.
- 2American Express notes Platinum cardholder spending outpaced overall growth, signaling high-value consumer resilience.
- 3Retailers and payments teams should prioritize promotions, AI-enabled shopping tools, and digital-wallet integration.
Scoring Rationale
Multi-source, official retail metrics indicate strong holiday spending, but data are routine seasonal updates lacking transformative implications.
Sources
Public references used for this report.
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