2013, a Merry Christmas for retailers
Looks like this was a Merry Christmas for retailers.
According to MasterCard advisers’ spending-pulse report, holiday sales this year were better than last year.
Between November 1st and December 24th, sales rose 2.3% compared to .7% a year ago.
Some analysts have called this holiday season the most competitive since the recession in 2008, as retailers slashed prices and used other incentives to convince people to buy.
Amazon says it had a record setting holiday season for its Prime membership. Signing up more than one million new Prime members in just the third week of December.
For $79.00 a year, the program provides free two-day shipping on many items and free instant video service.
The Prime program was such a hit during the holidays, Amazon says it had to limit new membership signups during peak periods to make sure service to current customers would not suffer.