U.S. retail sales rose 7.6% between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on Monday.
had forecast in September, when it anticipated consumers would pull purchases to October in the hunt for early deals.
However, sales of electronics dropped 5.3% over the broader roughly two-month period, according to the Mastercard SpendingPulse report. Online sales jumped 10.6% in the period, slightly less than the 11% increase last year, the Mastercard report said.
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