Dive Brief:
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U.S. retail sales increased 4.4% in April, compared to the more sluggish 2.2% year-over-year growth in March, according to the most recent MasterCard SpendingPulse report.
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The report took into account MasterCard payments as well as estimates of other payment transactions using cash and checks.
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The report tracked several retail segments, including apparel, which saw significant gains after several months of sales depressions.
Dive Insight:
MasterCards retail spending report is a clear indication that consumers are shopping for apparel and other retail items with renewed vigor. While challenges remain for retail companies, it should make things a little easier knowing that consumers are finally opening their wallets.