Mastercard Report Shows Holiday Retail Sales Rise 3% in United States

By  //  December 28, 2020

Share on Facebook Share on Twitter Share on LinkedIn Share on Delicious Digg This Stumble This

E-commerce sales jumped 49%

ABOVE VIDEO: Elon Musk slams business school company leadership.

(FOX BUSINESS) – U.S. retail sales rose 3.0% during this year’s expanded holiday shopping season from Oct. 11 to Dec. 24, a report by Mastercard Inc said on Saturday, powered by a pandemic-driven shift toward online shopping.

U.S. ecommerce sales jumped 49% in this year’s holiday shopping season, according to Mastercard SpendingPulse report, underscoring the COVID-19 pandemic’s role in transforming customers’ shopping habits.

The holiday shopping season can account for the majority of certain retailers’ annual sales, but the health crisis meant several retailers including Walmart Inc and Target Corp, faced with capacity constraints in certain stores, rolled out their holiday promotions early.

CLICK HERE TO READ FULL ARTICLE ON FOX BUSINESS

CLICK HERE FOR BREVARD COUNTY NEWS