New York( CNN Business) Holiday marketings grew at their fastest speed in six years, buoyed by rising wages and a drop in gas prices.
Unfazed by volatility on Wall street, buyers inundated into storages and bought clothes and dwelling decoration online. Gas prices have dropped by more than 20 pennies a gallon over the past month, affording customers extra money for the holidays.
“Consumer confidence translated into holiday cheer for retail, ” said Steve Sadove, senior advisor for Mastercard and former CEO of Saks Fifth Avenue.
