Holiday Retail Sales Rise

Holiday Retail Sales Rise


Retail sales for the holiday shopping season rose 3.6 percent over last year's season, while consumer electronics was among the hottest sectors, posting a 5.9 percent gain. That's according to figures released Sunday by MasterCard Advisors' SpendingPulse, as cited by the AP.

The strong CE performance was buoyed by such strong product categories as flat-panel TVs, smartphones and cameras.

The figures cover the dates Nov. 1 through Dec. 24, and compares with the 3.2 percent drop from the previous year recorded last year. In addition, online sales surged 15.5 percent over 2008.