Thursday, December 27, 2012

Disappointing holiday retail sales for U.S. businesses : News ...

Read?more: Local, National, News, Shopping, Holiday Shopping, Christmas Shopping, Holiday Retail Sales, Disappointing Holiday Retail Sales for U.S. Businesses, Mastercard Advisors Spendingpulse

(AP) -- WASHINGTON- It's a disappointing holiday season for U.S. retailers.

MasterCard Advisors SpendingPulse reports that in the two months before Christmas, sales of electronics, clothing, jewelry and home goods increased by only 0.7 percent compared with last year.

Analysts had expected growth of at least 3 percent.

It's been the worst year-over-year performance since 2008.

(Copyright ?2012 by The Associated Press. All Rights Reserved.)

Source: http://www.carolinalive.com/news/story.aspx?id=841014

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