Holiday Electronics Sales Up 16% YoY, Says Mastercard
Despite early shopping and supply chain disruptions, holiday season retail sales -- excluding automotive -- grew 8.5% year on year Nov. 1-Dec. 24, said Mastercard Sunday. Online sales were up 11% for the period, comprising 20.9% of total retail sales,…
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up from 20.6% in 2020 and 14.6% in 2019. For the expanded 75-day shopping period -- Oct. 11-Dec. 24 -- overall retail sales rose 8.6%, spurred by early and late-season promotions, it said. Electronics sales Nov. 1-Dec. 24 grew 16.2% vs. 2020, 19.8% vs. 2019. The report measured retail sales across all payment types, including cash and check.