PURCHASE, N.Y.--(BUSINESS WIRE)--Dec 26, 2024--
According to preliminary insights from Mastercard SpendingPulse™, U.S. retail sales excluding automotive increased 3.8% year-over-year from November 1 through December 24. Mastercard SpendingPulse measures in-store and online retail sales, representing all payment types and is not adjusted for inflation.
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“The holiday shopping season revealed a consumer who is willing and able to spend but driven by a search for value as can be seen by concentrated e-commerce spending during the biggest promotional periods,” said Michelle Meyer, chief economist, Mastercard Economics Institute. “Solid spending during this holiday season underscores the strength we observed from the consumer all year, supported by the healthy labor market and household wealth gains.”
Key retail trends for the full holiday season included:
“This holiday season, we saw consumers motivated by deals and retailers respond with promotions to meet the demand,” said Steve Sadove, senior advisor for Mastercard and former CEO and chairman of Saks Incorporated. “The value-minded consumer showed up to shop at brick-and-mortar stores and e-commerce platforms, with retailers managing across both to capture attention throughout the season.”
*Excluding automotive
About Mastercard SpendingPulse
Mastercard SpendingPulse measures national retail sales based on aggregated and anonymized Mastercard insights, representing all payment types in select markets around the world.
Mastercard SpendingPulse defines “U.S. retail sales” as sales at retailers and food services merchants of all sizes. Sales activity within the services sector (for example, travel services such as airlines and lodging) are not included in the total retail sales figure. SpendingPulse insights are not indicative of Mastercard company performance; insights and forecast are subject to change.
Mastercard SpendingPulse U.S. Holiday Retail Sales November 1 - December 24, 2024 vs. 2023. (Graphic: Business Wire)
WENGEN, Switzerland (AP) — Host Italy has a new contender in Alpine skiing with the Milan Cortina Winter Olympics three weeks away.
Giovanni Franzoni claimed his first World Cup victory on the famed Lauberhorn course in a super-G Friday — four months after his close friend and former roommate, Matteo Franzoso, died in a crash during preseason training in Chile.
The 24-year-old Franzoni — a former world junior champion in super-G, downhill and Alpine combined — was the first racer on course and took advantage of the No. 1 bib to deliver a near-perfect run.
Reaching a top speed of 140.44 kph (87 mph), Franzoni finished 0.35 seconds ahead of Stefan Babinsky of Austria and 0.37 ahead of downhill world champion Franjo von Allmen of Switzerland.
Franzoni handled the tricky Canadian Corner and Kernen S sections on the upper portion of the course cleaner than anyone else.
“I made the difference on the turn where I crashed a few years ago,” he said, referring to his season-ending fall in a super-G in 2023 that resulted in thigh surgery.
Swiss overall World Cup leader Marco Odermatt, a four-time winner in Wengen, placed fourth, 0.53 behind.
The top American was Ryan Cochran-Siegle in sixth.
Franzoni also led both downhill training sessions and could be a contender in the classic downhill on Saturday. His previous best World Cup finish was third in a super-G on home snow in Val Gardena last month.
Now Franzoni will be among the leaders for Italy’s team in Bormio, where men’s Alpine skiing will be contested during the Olympics.
“If you had told me that I would be third in Val Gardena and then win here — on the two courses that I've had the most trouble on — I wouldn't have believed it,” Franzoni said.
The opening ceremony for the Games is scheduled for Feb. 6.
“I don't know about the future, but the present has changed," Franzoni said. "We always live day by day.”
Marco Schwarz, the Austrian who won the previous super-G in Livigno, Italy, last month, missed the race due to sickness.
Also sitting out this weekend is Aleksander Aamodt Kilde, the Norwegian standout who returned this season after a horrific crash in Wengen two years ago.
“This year," Kilde said on Instagram this week, "it’s just a little too early.”
AP Olympics: https://apnews.com/hub/milan-cortina-2026-winter-olympics
Giovanni Franzoni of Italy takes a jump during the alpine ski, men's World Cup super-G race, in Wengen, Switzerland, Friday, Jan. 16, 2026. (Jean-Christophe Bott/Keystone via AP)
Switzerland's Marco Odermatt reacts at finish line during an alpine ski, men's World Cup super-G, in Wengen, Switzerland, Friday Jan. 16, 2026. (AP Photo/Giovanni Zenoni)
Switzerland's Franjo von Allmen reacts at finish line during an alpine ski, men's World Cup super-G, in Wengen, Switzerland, Friday Jan. 16, 2026. (AP Photo/Giovanni Zenoni)
Austria's Stefan Babinsky speeds down the course during an alpine ski, men's World Cup super-G, in Wengen, Switzerland, Friday Jan. 16, 2026. (AP Photo/Gabriele Facciotti)
Italy's Giovanni Franzoni reacts at finish line during an alpine ski, men's World Cup super-G, in Wengen, Switzerland, Friday Jan. 16, 2026. (AP Photo/Giovanni Zenoni)
Italy's Giovanni Franzoni speeds down the course during an alpine ski, men's World Cup super-G, in Wengen, Switzerland, Friday Jan. 16, 2026. (AP Photo/Gabriele Facciotti)
