Holiday Shoppers Undeterred By Price Increases Supply Shortages As Sales Rise
Mastercard SpendingPulse tracked various kinds of payments, including cash and debit cards, from November 1 to December 24. On Sunday, it reported that holiday sales had risen 8.5 percent from last year, just a little under their project increase of 8.8 percent. Clothing sales rose 47 percent, while jewelry saw a 32 percent increase. While online shopping experienced an 11 percent increase from 2020, department store shopping increased 21 percent....