The holiday shopping season has been a good one for retailers, with an increase of 7.9% in domestic retail sales reported between Black Friday and Christmas Eve over year-ago figures, The Washington Post reports.
The report cites figures from MasterCard SpendingPulse, which studies transactions made with credit cards, cash and checks. The figures exclude gasoline and auto purchases.
“MasterCard SpendingPulse found that e-commerce provided crucial momentum this holiday season, with sales up 20 percent in that channel,” The Post notes. “The strength in online shopping was consistent with many forecasts for the season, which predicted e-commerce would post greater sales growth than brick-and-mortar stores. And it reflects the shopping patterns from the season’s unofficial Thanskgiving-weekend kickoff: Brick-and-mortar stores saw a 10.4 percent dip in sales during that time frame, while online sales hit record levels on Thanksgiving, Black Friday and Cyber Monday.”