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Holiday Sales Were Actually Decent?

We're sure that all sorts of information like is going to come out over the next few days. But an early report has holiday sales, from Black Friday to Christmas Eve, rising by 3.6%. The data, provided by a MasterCard division, is an improvement over the 2.3% drop tracked a year ago. And these better-than-expected...

By Ian Ritter | Updated on December 28, 2009

We’re sure that all sorts of information like is going to come out over the next few days. But an early report has holiday sales, from Black Friday to Christmas Eve, rising by 3.6%. The data, provided by a MasterCard division, is an improvement over the 2.3% drop tracked a year ago. And these better-than-expected results happened in spite of the major storms taking place throughout the Northeast and Midwest. Electronics sales rose 5.9%, while jewelry posted a surprising 5.6% jump and luxury was up 0.8%. Meanwhile, specialty apparel declined 0.4%, and women’s apparel dropped 3%.So far so good. But will later reports show more dismal figures than these?

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