Mastercard: Holiday eCommerce Sales Grew 18.8 Pct YOY
- Even with sluggish sales at physical stores, total retail numbers were near $880 billion
- Online spending reflected 15 percent of the total, up 18.8 percent over the same period last year
- Then the physical stores comprised just 1.2 percent of total sales
- Department store sales actually dropped 1.8 percent, Mastercard’s SpendingPulse report shows
- Then eCommerce sales hit a record high this year, with more people doing their holiday shopping online
- Year-over-year eCommerce sales were up 17 percent in specialty apparel, 8 percent in jewelry, 7 percent in electronics and 9 percent in department stores
