eCommerce sales growth rocked up to 44.6%
MasterCard SpendingPulse: U.S. Retail Sales Grew 3.0% This Holiday Season According to MasterCard SpendingPulse, holiday retail sales excluding automotive and gasoline increased 3.0% this expanded holiday season, running from October 11 through December 24. Notably, online sales grew 49.0% compared to 2019, the preliminary insights show. MasterCard SpendingPulse measures overall retail spending trends across all payment types, including cash and check. “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,” said Steve Sadove, senior advisor for MasterCard and former CEO and Chairman of Saks Incorporated. “And, consumers shopped earlier than ever before. Across our expanded 75-day holiday shopping season, sales were up 3.0%, a testament to the holiday season and strength of retailers and consumers alike.” Key findings from MasterCard SpendingPu