News-News.Zip

News in English (USA) / 26.12.2024 / 18:00

Strong Holiday Sales Reflect Robust U.S. Economy

This holiday season, U.S. retailers experienced a surge in sales as consumers increased spending by 3.8% despite rising prices. According to reports from Mastercard, late holiday shopping helped boost overall sales, exceeding prior forecasts. Notably, online spending saw a significant increase of 6.7%, demonstrating a strong shift towards e-commerce as shoppers sought value deals. In-person shopping also made a comeback, with many Americans opting to purchase gifts in stores. Overall, holiday retail sales exceeded expectations, contributing to a healthy economic outlook.
The New York Times, The Associated Press, Yahoo Finance, Reuters, ABC News, Greater Baton Rouge Business Report, TheStreet, USA TODAY, PYMNTS.com, Fast Company