NEW YORK — Robust holiday shopping from before Thanksgiving through Christmas has raised hopes for continued strength in the retail sector. According to Mastercard SpendingPulse, holiday sales increased 5.1% to more than $850 billion — the strongest growth in six years. And online shopping jumped 19.1%, with Amazon reporting record-breaking results. “While we recognize the
PURCHASE, N.Y. — Holiday sales increased 5.1% to $850 billion, according to the Mastercard SpendingPulse report, which characterized the season from November 1 through December 24 as retailers’ strongest holiday period in six years. “From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” said Steve Sadove, senior adviser for Mastercard.
NEW YORK — Total retail sales this past holiday selling season increased 4.9% compared to 2016 and set a new record for total dollars spent, according to “Mastercard SpendingPulse” study results. That represents the largest year-over-year gain since 2011, the report found. Online shopping increased by 18.1%. The study details shopping activity that occurred from
Results from the recently concluded holiday selling season give the nation’s merchants some reason to celebrate. Retail sales rose 4.9% from November 1 through Christmas Eve, the biggest yearly gain since 2011, according to “Mastercard SpendingPulse.” The report, which combines purchasing activity in the Mastercard network and survey-based estimates for other forms of payment, including
NEW YORK — For 2015, the food, drug and mass retail channel saw holiday sales growth in line with that of recent years. Total sales for discount stores grew 3.3% for the 28-day period between Thanksgiving and Christmas, compared with 3.5% in 2014, according to research by Racher Press, the publisher of MMR. Same-store sales