NEW YORK — New data from MasterCard show consumers spent less on home products like furniture in May as the housing market continued to slump. But clothing and luxury items fared better. MasterCard Advisors’ SpendingPulse released data Wednesday showing furniture sales fell 3.2 percent in May. Home furnishings sales fell 1.4 percent, appliances sales fell 4.4 percent and electronics sales fell 3.6 percent. SpendingPulse data includes all forms of payment including cash. Read full article >>

BING NEWS:
  • Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers
    Confronting a broad decline in demand, major marketers of luxury merchandise are broadening their product lines to emphasize goods priced under $500.
    12/20/2024 - 5:46 am | View Link
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