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Online sales record leads holiday holiday surgeon – Fox Business, Foxbusiness.com

Online sales record leads holiday holiday surgeon – Fox Business, Foxbusiness.com


Letting their fingers do the work on the keyboard was the primary way customers did theirholiday shopping.

U.S. holidaye-commerce saleshit a new record high, up .8 percent from the************** period, according toMastercard datareported by Reuters.

Overall holiday retail sales rose 3.4 percent.

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President Trump took to Twitter to trumpet the data.

(Sales estimates from the National Retail Federation ranged from 3.8 percent to 4.2 percent.

E-commerce sales this year represented 28. 6 percent of total retail between November 1 and Christmas Eve.

US ECONOMY MEANS A MERRY CHRISTMAS FOR MANY

The holiday shopping season is crucial for retailers accounting for up to percent of the sales for the year.

T he calendar did help the industry as Thanksgiving fell on Nov. (********************************************, which was a week later than last year.

********************Holiday shopping .

That meant retailers had six fewer days to drive sales leading to Christmas.

“Due to a later than usual Thanksgiving holiday, we saw retailers offering omnichannel sales earlier in the season, meeting consumers’ demand for the best deals across all channels and devices, “said Steve Sadove, senior adviser for MasterCard.

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According to analysts, the surge in shopping was boosted by wage growth and a string job market.

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