Overall Retail Sales Rose 5.5 Percent Over Holidays
Domestic retail sales in the 50-day period that ended Christmas Eve posted a 5.5 percent increase over the same period the year before. That’s according to numbers released Monday by Mastercard SpendingPulse.
The electronics category grew 1.2 percent in the period in question, making it one of the survey’s “lagging performers.” The decline in TV prices were the biggest reason for the drop.
“If last year’s holiday story was about gaining some stability, this year’s is about getting back to growth. The 2010 holiday period is categorized by strong year-over-year growth in Apparel and continued strength in eCommerce,” SpendingPulse’s vice president of research and analysis, Michael McNamara, said as part of the announcement.