2016 Was The Best in 5 Years

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The Visa Retail Spending Monitor says in 2016 retail sales grew 4.8% on Visa payment products. E-commerce spending was up 19%, 5% higher than 2015. Money spent on e-commerce in 2016 made up 24% of the total spend, of from 21% in 2015. The National Retail Federation reported that total 2016 spending was $658.3 billion, 4% higher than 2015. Non-store sales, including online, was $122.9 billion, a 12.6% gain over 2015.

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