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US Holiday Retail Sales Growth Weakest Since 2008

It’s a disappointing holiday season for U.S. retailers.

Freehold Raceway Mall
Freehold Raceway Mall (Lou Russo, Townsquare Media NJ)

MasterCard Advisors SpendingPulse reports that in the two months before Christmas, sales of electronics, clothing, jewelry and home goods increased by only 0.7 percent compared with last year.

Analysts had expected growth of at least 3 percent.

It’s been the worst year-over-year performance since 2008.

(Copyright 2012 The Associated Press. All Rights Reserved)

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