Holiday sales fall as shoppers shun non-necessities

PURCHASE, N.Y. – Holiday-season sales of luxury items fell more than a third compared with a year ago, while total retail sales fell 5.5 to 8 percent, according to SpendingPulse data released today by MasterCard Advisors. Total retail sales were down 5.5 to 8 percent compared with a year ago. READ MORE

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