Holiday sales gain 3.6% with help from last-minute push

12/28/2009 | Bloomberg · NYTimes.com

Overcoming severe winter weather in the Northeast, U.S. retail sales mounted a last-minute comeback during the holiday season, ending 3.6% up compared with last year, MasterCard Advisors' SpendingPulse said. Purchases of electronics and online shopping boosted sales. "People were more comfortable doing last-minute shopping online, especially with the bad weather," said Kamalesh Rao, director of economic research at SpendingPulse.

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Bloomberg · NYTimes.com

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