Mastercard report: US retail sales rise 3% this holiday season
Holiday shopping has given retail sales a much-needed boost after stalling during the pandemic.
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Dec 26, 2020, 6:11 PM
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Updated 1,455 days ago
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4ds agoHoliday shopping has given retail sales a much-needed boost after stalling during the pandemic.
Mastercard's SpendingPulse report estimates sales rose about 3% between mid-October and Christmas.
E-commerce rose almost 50% as the pandemic drove online sales.
The report also says many shoppers started making holiday purchases earlier than normal due to stores that rolled Black Friday deals weeks ahead of time.
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