Consumer spending up, but challenges for retailers remain

Share this article:

Analysts are again using words like “robust” to describe this just-finished holiday shopping season. Consumer spending jumped 5.5% year-over-year during the period, including a 15.4% increase in e-commerce spending, according to MasterCard Advisors SpendingPulse. Consumer spending on apparel was up 11.2%, and the men's apparel category improved year-over-year by 10.5%.

Last year, overall sales increased 4.1% over dismal 2008 numbers.

However, The Wall Street Journal warned that retailers will still face a number of challenges in 2011, from “rising gasoline and cotton prices to an overabundance of stores.”

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions