Holiday Sales Strong, But Electronics/Appliances Lag
Dec 28, 2010
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U.S. retail sales showed season-over-season growth of 5.5% (excluding automobiles) compared to the same period in 2009, but the Consumer Electronics and Appliances category grew only 1.2% season-over-season, according to the MasterCard Advisors SpendingPulse report. MasterCard said the category's modest growth rate could be due to the decline in TV prices, which made it difficult for the sector to produce significant year-over-year growth.

The macroeconomic report tracks national retail and services sales for the 50-day period of Nov. 5 through Dec. 24, 2010.

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