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Shoppers fill a Best Buy store in
Chicago Nov. 23, 2007.U.S. retailers' sales rose modestly by 3.6 percent
in the current holiday shopping from Nov. 23 to Dec. 24, according to data
released on Tuesday by MasterCard.(Xinhua/Reuters Photo) Photo
Gallery>>> |
BEIJING,
Dec. 26 (Xinhuanet) -- U.S. retailers' sales rose modestly by 3.6 percent in the
current holiday shopping from Nov. 23 to Dec. 24, according to data released on
Tuesday by MasterCard.
Target Corporation, the second largest retailer in
the nation, said that sales had been lacklustre.
Women spent less on apparel during the holiday, which
saw a 2.4 percent down or the biggest casualty, according to Michael
McNamara, vice president of research and analysis at MasterCard Advisors.
Even prior to the Christmas season, women were buying
lesser clothes, added McNamara.
The rise of gasoline pump prices and higher food
prices also discouraged Americans from consuming during the last two months of
the year, according to the National Retailer Federation.
The federation adds that November and December sales
may still rise by 4 percent, but it is still the slowest growth registered since
2002.
Last year's holiday season grew 6.6 percent over
2005's holidays. Two years ago, retail sales grew 8 percent from the previous
year, MasterCard said.
(Agencies)