Holiday sales skyrocketed this year despite a series of setbacks that affected the world of retail, according to The Associated Press.
Sales over this year’s holiday season grew at the fastest pace in 17 years and increased by 8.5 percent since last year. Additionally, holidays sales were up 10.7 percent from the 2019 holiday season, Mastercard Spending Pulse found. The spending measure, which tracked consumer spending from Nov. 1 to Dec. 24, found that clothing and jewelry saw the largest increases.
Clothing sales spiked 47 percent, followed by jewelry, which saw 32 percent growth from the year prior.