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