NEW YORK (AP) – Americans buoyed by a strong economy pushed holiday sales growth to a six-year high.
According to data Wednesday from Mastercard SpendingPulse, retail sales rose 5.1 percent between Nov. 1 and Dec. 24 compared with the previous year. The data used tracked spending online and in stores across all payment types. Mastercard says total sales topped $850 billion this year.
Online sales continued to grow, up more than 19 percent from a year ago. Last week, Mastercard said online sales made up 13 percent of total retail sales.
Clothing sold well this year – up nearly 8 percent from last year – the biggest growth for apparel sales since 2010.
