Despite some darker predictions earlier in the season, it seems that retail sales may have bucked expectations down the stretch during the holiday after all.
According to the latest edition of MasterCard’s Spending Pulse report, strong online sales coupled with a big demand for furniture and women’s clothing pushed retail sales growth to a “solid” 7.9 percent during the holiday season
Taking out automobiles and gasoline, sales were up 5.5 percent between Black Friday and Christmas Eve when compared to the same time period last year.
The National Retail Federation, a leading industry group, predicts a 3.7 percent rise in store and online sales in November and December this year, with online sales expected to rise 6-8 percent.
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