Associated Press: Despite supply issues and omicron COVID variant, holiday sales rise 8.5%

Associated Press: Despite supply issues and omicron COVID variant, holiday sales rise 8.5%. “Mastercard Spending Pulse, which tracks all kinds of payments including cash and debit cards, reported Sunday that holiday sales had risen 8.5% from a year earlier. Mastercard SpendingPulse had expected a 7.4% increase. The results, which covered Nov. 1 through Dec. 24, were fueled by purchases of clothing and jewelry. Holiday sales were up 10.7% compared with the pre-pandemic 2019 holiday period.”

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