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Retailers see biggest increase in holiday sales since 2012

Retailers see biggest increase in holiday sales since 2012
Digital First Media/Orange County Register via Getty Images / Contributor



Holiday sales grew 5.1% to more than $850 billion this year, according to early data from Mastercard Spendingpulse.




That's the best holiday season growth in six years, Mastercard said.




Online sales grew 19.1% when compared to last year.



Holiday sales posted the its best growth in years, beating expectations.
Sales grew 5.1% to more than $850 billion a year, according to data from Mastercard Spendingpulse. That's the best holiday season growth in six years, Mastercard said, and beats last year's number of 4.9% growth.
"From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” Steve Sadove, senior advisor for Mastercard said in a statement. "By combining the right inventory with the right mix of online versus in-store, many retailers were able to give consumers what they wanted via the right shopping channels."
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