Last updateWed, 13 Jun 2018 12am

Mastercard SpendingPulse reports this year a big win for retailers


Fortune believes 2017 Holiday Season could be start of retail’s big comeback

holiday spending

Americans go to retail stores each year to acquire holiday gifts. But this year, shoppers are also giving a gift back to retailers: hope for the future.

According to a Mastercard SpendingPulse report released on Tuesday—the day after Christmas—U.S. retail spending, excluding the automotive category, was up 4.9% in 2017 compared to the same period last year. Some of the largest jumps were seen in electronics and appliances (7.5%), jewelry (5.9%), and home furnishings and home improvement (5.1%).

“Overall, this year was a big win for retail,” said Sarah Quinlan, senior vice president of marketing insights at Mastercard, in a statement following the report.

Read the full story at http://fortune.com/2017/12/26/holiday-sales-report-mastercard/