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MasterCard: Mid-season holiday spending growth slows
Purchase, N.Y. -- A SpendingPulse report released Monday by MasterCard Advisors found that after a three-week recovery of retail spending growth that started two weeks after Superstorm Sandy and lasted through the week ending Dec. 1, a slowdown occurred in the week ending Dec. 8.
After a surge in growth in late November some key sectors such as Specialty Apparel slipped into negative growth in early December, according to the report.