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Women's Apparel, Dining Drive U.S. Holiday Sales: MasterCard
Nathan Layne, Dec. 26, 2014, Reuters
The results reflected a growing consumer preference for "experience" over goods, Sarah Quinlan, a senior vice president at MasterCard, said. The "economy is very strong but they are spending in a different way," she said in an interview.
Contrary to some experts who predicted a strong showing for electronics, the category was among the weakest, with sales "basically flat" from Black Friday to Dec. 24 and in negative territory when looking at sales starting on Nov. 1, according to the report.
Read more: ca.news.yahoo.com
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The results reflected a growing consumer preference for "experience" over goods, Sarah Quinlan, a senior vice president at MasterCard, said. The "economy is very strong but they are spending in a different way," she said in an interview.
Contrary to some experts who predicted a strong showing for electronics, the category was among the weakest, with sales "basically flat" from Black Friday to Dec. 24 and in negative territory when looking at sales starting on Nov. 1, according to the report.
Read more: ca.news.yahoo.com
Follow Larry Elder on Twitter
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