Jewelry Sales Up, SpendingPulse Says

Jewelry sales have seen “mild to sharp gains” in the weeks leading up to the
holiday season, MasterCard Advisors’ SpendingPulse reported Nov. 22.
 
The apparel and luxury categories also showed strong results, said the
macroeconomic tracking service.
 
Retail sales from Oct. 31 to Nov. 13 built on October’s momentum, noted Michael
McNamara, vice president of research and analysis for MasterCard Advisors
SpendingPulse, in a statement.
 
“For now at least, we are seeing some decent growth numbers and while levels
are not yet back to 2007, the year-over-year growth stats are helping to get
the holiday season off to an encouraging start,” McNamara said.
 
SpendingPulse reports on national retail and services sales based on aggregate
sales activity in the MasterCard network, coupled with survey-based estimates
for other payment forms, including cash and check.