Report: U.S. Christmas Shopping Season Best In Six Years

Photo credit:  @Bennilover via flickr

Christmas shopping rose 5.1 percent to $850 billion in 2018 compared to the same period last year, Reuters reported citing a MasterCard report.  The 2018 shopping numbers marks the best in six years, showing shoppers were not concerned with a slowing global growth and political gridlock in Washington, D.C.

The period the data was collected was from Nov. 1 to Dec. 24 and included both in-store and online sales, Reuters reported.

MasterCard’s report, according to Reuters, showed that online sales rose 19.1 percent in 2018.  In-store sales at department stores, such as Macy’s, fell 1.3 percent.  However, online sales for those same stores rose 10.2 percent in 2018.

Separately, online retailer Amazon.com Inc. reported that the company had a “record-breaking” 2018 Christmas shopping season.

Read more at Reuters.com.