Mastercard’s expanded holiday retail sales excluding automotive and gasoline grew 3%, according to Mastercard SpendingPulse, the market intelligence platform that provides national retail sales data across all payment types. Steve Sadove, senior advisor for Mastercard (MA), said, “American consumers turned the holiday season on its head, redefining ‘home for the holidays’ in a uniquely 2020 way. They shopped from home for the home, leading to record e-commerce growth.” U.S. consumers shopped much earlier than in previous years, as retailers offered special promotions early and often. Mastercard’s expanded holiday season, from October 11 to December 24, saw online sales grow 49% compared to the same period last year.
https://www.tipranks.com/news/mastercard-sees-shift-in-online-spending-as-u-s-retail-sales-grow-3