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NEW YORK A report released today by MasterCard Spending Pulse characterizes overall sales during the holiday season as “soft,” continuing a trend of decelerating growth that began in the second quarter.
Electronics and higher end/luxury retail sales were generally stronger than the national average, but apparel sales lagged.
Spending Pulse reports are based on aggregated sales activity of the MasterCard U.S. payments network, coupled with estimates on other payment forms including cash and check. Spending estimates are for the holiday season from Black Friday through Dec.
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