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