Shoppers Spend A Little More During Holiday Season

Merchants may have some reason to celebrate.

New numbers indicate that holiday shoppers spent a little more this season. It would mean that retailers managed to avoid a repeat of last year's disaster, even though credit is tight and unemployment is in double-digits.

According to MasterCard Advisors' SpendingPulse, which tracks all forms of payment -- including cash -- retail sales rose by 3.6 percent from the beginning of November through Christmas Eve.

When adjusted for an extra shopping day between Thanksgiving and Christmas, the number was closer to a 1 percent gain.

The higher spending should bring healthier profits, since stores had a year in which to plan their inventories to match consumer demand, and didn't have to resort to drastic price-cutting.

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  • by Hmmm Location: Greenville on Dec 28, 2009 at 06:34 AM
    The thugs of west Greenville didn't spend any holiday related money on things like gifts, etc. They stole stole stole from those of us who work work work.
  • by hope Location: NC on Dec 28, 2009 at 05:55 AM
    Now that the banks have returned all that money, why hasn't the national deficit been deflated? I don't trust the thieves in Washington, or on Wall st anymore. They want us to spend, spend, spend... hmmmmmm

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