Spendingpulse™ 2013 Holiday Full-Season Holiday Report: Still Cautious, but Willing to SpendNitin Sumangali |
MasterCard’s Spendingpulse™ has released numbers for the 2013 holiday full-season, and the results show this season’s growth was improved over last year.
This holiday season saw spending growth of 3.5 percent. For holiday related spending, in categories like clothing, electronics and luxury goods, sales were up 2.3 percent from last year, when measured from November 1st to December 24th.
“You are seeing, ‘It’s OK for me to go out and spend,’” Sarah Quinlan, a senior vice president at MasterCard Advisors, said in a phone interview today. “That being said, they are still being cautious, and they are picking their retailers. It is not hot 2006-2007 spending we are seeing.”