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Retail Experiences Strongest Holiday Shopping Season in 6 Years

American consumers were out in droves over the holiday shopping season, providing the strongest growth in the last six years, according to CNN Business.

In fact, retail spending from Nov. 1 through Dec. 24 increased 5.1 percent from a year ago to more than $850 billion, according to Mastercard SpendingPulse™, which provides insights into overall retail spending trends across all payment types.

“From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” says Steve Sadove, senior advisor for Mastercard and former CEO and chairman of Saks Inc. “By combining the right inventory with the right mix of online versus in-store, many retailers were able to give consumers what they wanted via the right shopping channels.”

Home improvement spending was up 9 percent during the holiday season, according to Mastercard SpendingPulse.

Read this Hardware Retailing article from Dec. 3 to  learn about the beginning of the holiday shopping period.

About Renee Changnon

Renee Changnon
Renee Changnon is the retail outreach coordinator for NRHA. She meets with retailers in their stores and at industry events and introduces them to the services NRHA provides. Renee previously worked as a member of the NRHA communications team. She earned a degree in visual journalism from Illinois State University, where she served as the features editor for the school newspaper. After college, she implemented marketing and promotions initiatives at Jimmy John’s franchise locations across the country. She enjoys exploring books with her book club, Netflix marathons and hosting goat yoga at her apartment complex. Renee Changnon 317-275-9442 rchangnon@nrha.org

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