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U.S. Holiday Retail Sales Are Strongest in Years, Early Data Show

Submitted by jhartgen@abi.org on

Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data, the Wall Street Journal reported. Total U.S. retail sales, excluding automobiles, rose 5.1 percent between Nov. 1 and Dec. 24 from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending with all forms of payment. Overall, U.S. consumers spent over $850 billion this holiday season, according to Mastercard. Sales have been generally strong throughout the holiday season, led by increases in online shopping. Retailers entered the holidays with momentum as online sales jumped 26.4 percent from a year earlier between the Wednesday before Thanksgiving through Black Friday, one sign of an early buying surge, according to Adobe Analytics.

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