February Tech Store Sales Fell Amid Overall Retail Growth: Mastercard
U.S. online and in-store retail sales rose 4.6% year on year in February, reported Mastercard Thursday. Total retail sales in the electronics and appliances category fell 4.4% from February 2020, a spokesperson said. Online sales jumped 54.7%, and grocery spend…
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grew 12.4%, with the three days before the Super Bowl having 30% growth. COVID-19 continued to affect restaurant spending, down 13.5%. Stimulus payments in early January appeared to boost consumer spending that month; through early February, impacts “have waned,” it said.