Sarah Quinlan, head of market insights for Mastercard Advisors, disclosed the figure after the payments processor's analytics arm published its SpendingPulse retail report. Specialty apparel and department stores "saw moderate gains", the company said in a release. Adjusted for inflation, holiday sales are up 2.7 percent compared to 2 percent past year.
So retail sales in 2017 were up 2.6 percent through October and 2.7 percent during the holiday season.
However, some indications so that American might be stretching finances for their shopping splurge during the holiday.
It's more blessed to give than to receive and Americans did an terrible lot of giving this holiday season.
Amazon.com said on Tuesday that it had topped its worldwide holiday sales record this year, with more than 4 million people opting to trial Amazon Prime in one week during the period.
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Kohli said that it was not hard for him to switch back to cricket after his marriage as the sport lies in his blood. In 2015 Sri Lanka had some great tracks especially in the last two Tests where the ball seamed and swung.
Electronics and appliances saw a 7.5% jump in sales, boosted by a growth in smart home products like the Amazon Echo and Google Home, according to Mastercard. "The strong USA economy was a contributing factor, but we also have to recognize that retailers who tried new strategies to engage holiday shoppers were the beneficiaries of this sales increase". Because of this, December 23, the Saturday of that weekend, was second to only Black Friday in sales this holiday season, giving retailers an additional big day of sales.
Retailers' heavy early-season promotions paid off, with the first three weeks of November seeing significant jumps. December 23 ranked next to Black Friday in terms of spending, according to Mastercard.
The findings were based on aggregate sales activity in the Mastercard payments network, along with survey based-estimates for other forms of payment, including cash and checks, Mastercard said. All figures are retail excluding automotive.
Shoppers across the US were spending large sums of money prior to the tax bill by the Republicans that promised tax cuts was passed, said reports that analyzed holiday spending habits.
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