Mastercard Report Shows Holiday Retail Sales Rise 3% in United States
By Fox Business // December 28, 2020
E-commerce sales jumped 49%
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(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.
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