Small Businesses Pace Retail Sales in June, Report Finds

A SpendingPulse report released by MasterCard Advisors, the professional services arm of MasterCard, in partnership with Wells Fargo, found that June spending at small retailers increased 8 percent compared to June 2011. This was higher than the overall U.S. retail growth rate of 6.9 percent. The June report also found that sales growth at small retailers has now outperformed growth of overall retail sales for nine consecutive months, since October 2011.