US Retailers See Strongest Holiday Sales in Six Years
The US economy continues to see tremendous growth.
Retailers see the strongest holiday sales in six years according to initial reports.
U.S. holiday retail sales rose 5.1% from a year earlier, according to Mastercard, the strongest increase in six years https://t.co/dZIHF8SniI
— The Wall Street Journal (@WSJ) December 25, 2018
Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data.
Total U.S. retail sales, excluding automobiles, rose 5.1% 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.
The figures suggest a stock-market swoon and partial government shutdown haven’t curbed consumer confidence and spending.
“Wall Street is running around like a chicken with its head cut off, while Mr. and Mrs. Main Street are happy with their jobs, enjoying their best wage increases in a decade,” said Craig Johnson, president of Customer Growth Partners, a retail research and consulting firm. A recent drop in gas prices has helped last-minute spending, he said.
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