Retail

Almost 75% of apparel sales were made online last month

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Apparel sales in the U.S. bounced back in a big way last month, powered by a surge in online purchases as consumers altered their spending habits, Mastercard executive vice president Linda Kirkpatrick told CNBC on Tuesday.

“We’ve definitely seen a shift in the way consumers are spending throughout the pandemic,” Kirkpatrick, head of the U.S. merchants and acceptance division, said on “Power Lunch.” “Almost three-quarters of all apparel purchases were made online in February, and this is up from 47% just a year ago.”

Apparel sales overall declined 5.3% during the month, but e-commerce spending didn’t miss a beat. Online clothing sales spiked 47% year over year, according to data from…



Source cnbc.com

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