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Holiday Momentum Holds Steady in Retail Sales
Timely Topics
from PYMNTS.com
MasterCard Advisors’ SpendingPulse, a macroeconomic report tracking national retail and services sales, today provided summary results for the holiday shopping season through the second week of December (October 31 – December 11, 2010). Retail sales generally continued November’s momentum, with several of the sectors recording moderate to strong gains.
“The modest growth we first saw with the August Back-to-School season has accelerated. These results suggest that retail spending continues to gain traction,” noted Michael McNamara, Vice President, for MasterCard Advisors SpendingPulse. “Most sectors are showing steady improvements, with Electronics, Department Stores and Furnishings categories recording flat to small declines. The solid November growth rates have continued across most areas through the first half of December.”
To watch a short video with additional commentary from Michael McNamara, please visit: