PURCHASE, N.Y.—If the holiday season were measured by traditional standards, from Thanksgiving through Christmas, overall sales would have bumped up by 2.4%, according to Mastercard.
The Mastercard report shows eCommerce accounted for 19.7% of overall retail sales, up from approximately 13.4% in 2019.
Department stores saw an overall sales decline of 10.2% and online sales growth of 3.3%, Pymnts.com stated in its analysis.
“Black Friday was a shell of its former self. Any retailer that doubled down on the stay-at-home economy won this Christmas,” Pymnts.com said.
Mastercard’s report further showed home furniture and furnishings experienced the strongest growth of any sector compared to 2019, up 16.2%. Home improvement was up 14.1%.