US retail grew this holiday season due to discounts and deals

Discounts and deals apparently swayed people into spending more this holiday season.

Monday MasterCard reported holiday retail sales in the US jumped over seven-and-a-half percent compared to last year.

The company looked at sales in-store and online from November first to December 24.

They say this year retailers discounted heavily, while consumers went hunting for the best deals and made trade-offs to stretch their gift-giving budgets to accommodate inflation.

Preliminary figures show online sales grew over ten and a half percent compared to the same period last year.

Black Friday was still the top day for shopping, with sales up more than 12 percent from last year.

And consumers also dined out more, with in-person dining at restaurants up over 15 percent.

Categories: National News