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Mastercard: Resilient Consumer Saved Holiday 2020

Mastercard: Resilient Consumer Saved Holiday 2020

The verdict on the holiday shopping season has been delivered. According to Mastercard’s SpendingPulse transactional analysis, total retail spending for 2020’s 75 days of Christmas was up 3 percent, and eCommerce sales were up 49 percent — good for the stay-at-home economy and tough sledding for department stores. The story behind the numbers shows the retail industry in a state of reinvention as...

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Karen Webster Mastercard PYMNTS Sadove Steve Sadove eCommerce