Feb. CE/Majap Retail Sales Fell 4%: MasterCard

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New York - TV price erosion led sales at CE and appliance stores down 4.1 percent in February, MasterCard reported.

Total retail sales rose 6 percent year over year, while online sales increased 13.2 percent, according to the company's SpendingPulse report, compiled by its Advisors research and consultancy unit.

Going forward, rising gas prices could hinder retail sales but may benefit online merchants, MasterCard said.

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