U.S. holiday retail sales rise 8.5% as online shopping booms -Mastercard

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(Reuters) -U.S. retail sales rose 8.5% during this year’s holiday shopping season from Nov. 1 to Dec. 24, powered by soaring ecommerce sales, a report by Mastercard Inc said on Sunday. U.S. ecommerce sales jumped 11% in this year’s holiday shopping season, according to Mastercard SpendingPulse report https://mstr.cd/3qr4XEj, yet again underscoring the COVID-19 pandemic’s role in transforming customers’ shopping habits. Shoppers also rushed to stores amid supply chain concerns as COVID-19 cases surged, sending sales at physical stores up 8.1% compared with 2020, the report added. “Shoppers were…

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