U.S. holiday retail sales rise 8.5% as online shopping booms, Mastercard says

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Reuters

(Reuters) – U.S. retail sales rose 8.5% during this year’s holiday shopping season from Nov. 1 to Dec 24, a report by Mastercard Inc said on Sunday, powered by a rush to stores amid supply chain concerns as COVID-19 cases surge as well as soaring ecommerce sales. U.S. ecommerce sales jumped 11% in this year’s holiday shopping season, according to Mastercard SpendingPulse report, yet again underscoring the COVID-19 pandemic’s role in transforming customers’ shopping habits. Holiday e-commerce sales made up 20.9% of total retail sales this year, the data showed, noting that the sector continues …

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