SpendingPulse: Jewelry Sales Have Grown Steadily

Jewelry
sales “have grown steadily” during the holiday season, with the sector up 2.6
percent season-to-date, according to MasterCard Advisors’ SpendingPulse, a
macroeconomic report tracking sales nationally.

However,
the luxury category without jewelry is doing a little better, showing a 2.8
percent jump.

“These
results suggest that retail spending continues to gain traction,” noted MasterCard Advisors SpendingPulse vice president Michael
McNamara in a statement.
“Most sectors are showing steady improvements, with electronics, department
stores and furnishings categories recording flat to small declines.”

A
SpendingPulse statement called e-commerce “one of the stars of the season,”
showing a season-to-date growth rate of 13.5 percent.