Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Holiday shoppers in the US spent 3% more than the previous year, led by online spending spikes on furniture and home improvement, says"They shopped from home for the home, leading to record e-commerce growth," Steve Sadove, senior advisor for Mastercard, said in a statement.
As might be expected, online retail boomed as in-person lagged, according to data released Saturday by Mastercard. The biggest bump over last year came in home improvement, continuing a yearlong trend. As people stayed home during the pandemic, they spent more on making their surroundings comfortable. Online home improvement sales soared about 80%.
Holiday shoppers seemed to be focused on nesting, as online furniture and furnishing sales climbed 31%, and electronics and appliances climbed 6%.
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