On December 26, Mastercard SpendingPulse reported that U.S. retail sales excluding automotive increased 7.6% year-over-year this holiday season, running from November 1 through December 24.
Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.
Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated noted, “This holiday retail season looked different than years past. Retailers discounted heavily but consumers diversified their holiday spending to accommodate rising prices a …
