X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Preliminary reports of consumer activity in the weeks leading up to the Christmas long weekend suggest a marked improvement in retail sales as compared to last year’s relatively lackluster gains. According to the latest report from MasterCard SpendingPulse, November and December retail sales through December 24 were 5.5% higher than a year earlier. Retail sales were up 4.1% last year, but that result followed belt-tightening and a drop in activity in 2008. As part of a long-term structural shift, online retailers registered the largest gains this year; but bricks and mortar retailers measured significant gains, as well.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.