Tuesday, January 2, 2018

Mastercard: Holiday sales see biggest increase since 2011

Chain Store Age

Retailers have plenty to cheer at the beginning of the new year.

Holiday sales increased 4.9% in 2017, setting a new record for dollars spent, according to Mastercard SpendingPulse. It was largest year-over-year increase since 2011. Online shopping saw large gains of 18.1% compared to 2016, boosted by a late season rally. (The SpendingPulse report details holiday shopping from Nov.1 through Dec. 24 and covers retail sales across all payment types.). . . more