Briefing
e-commerce

Online Sales Hit Record High for Holiday Season

By
Priya Anand
· · Source: The Information

Online sales grew 18.8% this holiday season, a very slight increase on last year’s 18.4% growth, according to a report by Mastercard. Holiday sales overall increased 3.4%. Shoppers’ shift online is hurting brick and mortar sales. Department stores saw total sales fall by 1.8%, although they saw a 6.9% jump in online sales. That could be a bright spot for department stores working on boosting...

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