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U.S. Retailers Had a Very Merry Christmas, According to Early Sales Data

December 26, 2018

Via: Fortune

The big gift box under the retail industry’s Christmas tree was full—of cash, according to early data.

U.S. retail sales were up this year 5.1% to more than $850 billion, according to Mastercard SpendingPulse, a report from the payment card vendor that looks at consumer purchases from December 1 through 24. It was the strongest performance in six years.

The National Retail Federation had projected that consumers on average had planned to spend $1,007 for decorations, candy, gifts, and other purchases for themselves.

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