Holiday season may yield record sales

By: Associated Press
By: Associated Press

Tuesday, December 28, 2010

NEW YORK (AP) -- Holiday shoppers have been in the mood to spend big.

MasterCard Advisors' SpendingPulse, which monitors all transactions including cash, says total consumer spending excluding autos, rose 5.5 percent to $584.3 billion from Nov. 5 through Dec. 24. That compared with the same 50-day period a year ago.

It's the biggest increase since 2007, when revenue rose 4.9 percent. Total sales surpassed 2007 holiday spending, which reached $566.34 billion.

The data show clothing sales rose 11.2 percent. Also, jewelry and luxury goods showed strong single-digit gains compared with a year ago.

Analysts say shoppers looked for big bargains and when possible handed over cash.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


Have information or an opinion about this story? Click here to contact the newsroom.


Copyright WRDW-TV News 12. All rights reserved. This material may not be republished without express written permission.


Mailing Address: P.O. Box 1212 Augusta, GA 30903 Main Telephone: (803) 278-1212 Newsroom: (803) 278-3111 Fax: (803) 442-4561
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 112545149 - wrdw.com/a?a=112545149
Gray Television, Inc.