Did Holiday Sales Rise?

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According to data released by MasterCard Advisors’ SpendingPulse, a macro-economic report tracking national retail and service sales, holiday retail sales in the U.S. rose 3.6% from 2008.

The data was compiled from November 1, 2009 to December 24, 2009.  According to the report, six out of 10 retail sectors had positive growth and electronics, jewelry, and footwear showed some of the biggest increases in sales (5.9%, 5.6% and 5%, respectively).

However, online spending grew the most with an increase of 15.5%.  Still, this increase may be due to several major winter storms that disrupted traffic to brick and mortar locations that seemed to benefit online shopping growth rates, said Michael McNamara, Vice President of research and analysis for SpendingPulse, in a press release.

SpendingPulse officials say that the results of this research may be slightly tempered, as there was an extra shopping day this year.