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Holiday Sales Jump 8.5% as U.S. Consumers Return to Retailers
- Mastercard: Early shopping aided both e-commerce and stores
- Apparel, jewelry and electronics all up at least 20% from 2019
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U.S. holiday sales jumped 8.5% from last year as consumers spent more money on clothes, jewelry and electronics, a report from Mastercard SpendingPulse showed.
Sales grew across the board, both in stores and online, for the holiday season defined as Nov. 1 to Dec. 24. Consumers started searching for gifts earlier than usual with supply chains roiling retailers and stores offering more promotions to jumpstart the holiday shopping season.