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Apparel demand up, electronics flat over U.S. Black Friday weekend: MasterCard
Apparel-focused U.S. retailers saw sales perk up over the four-day promotional period that kicked off on Thanksgiving Day, though department-store and electronics revenue was roughly flat, a MasterCard executive told Reuters in an interview Monday. Specialty-apparel retailers enjoyed a pick-up in sales over the extended holiday weekend that began on Thursday as colder weather unleashed pent-up demand for winter clothing, Sarah Quinlan, a senior vice president at MasterCard, said in a sneak preview of an upcoming spending report by the company. Department stores, however, did not enjoy a similar boost, reflecting the ... (full story)