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Holiday Sales Up 7.9% This Year

The holiday shopping season isn’t quite over yet — many of those who received gift cards have yet to hit the stores — but a study has shown that it is already a solid one for retailers.

Indeed, retail sales were up 7.9% between Black Friday and Christmas Eve compared to the same period a year ago, according to MasterCard SpendingPulse, which studies transaction and survey data on purchases made with credit cards, cash, and checks. The report found that e-commerce provided crucial holiday momentum this holiday season, with sales up 20% in that realm.

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