According to preliminary insights from Mastercard SpendingPulse, U.S. retail sales excluding automotive increased 3.1% year-over-year this holiday season, running from November 1 through December 24, Mastercard announced. Online retail sales increased 6.3% year-over-year while in-store sales were up a more modest 2.2% year-over-year, Mastercard estimates. “This holiday season, the consumer showed up, spending in a deliberate manner. The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most,” said Michelle Meyer, Chief Economist, Mastercard Economics Institute. Publicly traded big box retailers include Best Buy (BBY), Costco (COST), Target (TGT) and Walmart (WMT).
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