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MasterCard: Initial Holiday Shopping Increases In-Line with Forecast

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Purchase, NY–It may have been a hit or miss season as far as particular shopping categories are concerned, but overall, retail sales during the Black Friday to Christmas Eve period—excluding automotive sales—increased 5.5%. This increase is in line with original MasterCard SpendingPulse forecasts and reflects one additional shopping day this …

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Preliminary Reports: Holiday Sales Worst Since 2008?

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Purchase, NY–Retailers will be hoping that their post Christmas sales help boost what some retail analysts say has been a lackluster season at retail. According to MasterCard Advisors SpendingPulse,which tracks all payment types including credit cards, cash and checks across apparel, electronics, luxurygoods, online and furnishings, holiday-related sales rose a …

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Commerce Dept.: October Retail Sales Slip—The Sandy Effect?

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Washington—Blame it on Hurricane Sandy, consumers pulling back on spending after splurging on back to school sales, or election fatigue, but October retail sales declined after three months of increases, the U.S. Commerce Department reported today. Total spending, including gas and autos, was down 0.3% to $411.6 billion. Excluding autos, …