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Visa and Mastercard Report 4% Growth in US Holiday Retail Sales

Many shoppers relied on artificial intelligence tools to discover ⁠and compare prices so that they could stretch discretionary budgets, Visa’s chief economist said in a statement.
Retail associates at work on a shop floor.
Retailers rolled out early promotions to lock in sales amid muted expectations. (Pexels)
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Sales for US retailers have increased by about 4 percent so far this holiday season as Americans balanced tighter budgets with a desire to upgrade gadgets and refresh wardrobes, according to preliminary figures released by Visa and Mastercard on Tuesday.

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