Topics

Cyber Monday
Holiday sales rise 2.3%, online Christmas spending up 16.5%
Holiday sales rise 2.3%, online Christmas spending up 16.5%

Retail sales in holiday-related categories such as apparel, electronics and jewelry rose a “decent” 2.3%, according to a Thursday report from MasterCard SpendingPulse. The so-so upswing from Nov. 1 to Dec. 24 improved on the same period in 2012 and was in line with expectations, researchers said. Overall sales from all categories swelled 3.5%.   The growth remained modest due to six fewer shopping days between Thanksgiving and Christmas this year, as well as stormy weather during the final two weekends of the season – normally key consumption time for last-minute shoppers. The jewelry sector was, by MasterCard’s calculations, the top-performing holiday...

Loading