A report released Sunday from Mastercard SpendingPulse showed holiday retail sales grew 8.5% year-over-year, with online sales growing 11%.

“Shoppers were eager to secure their gifts ahead of the retail rush, with conversations surrounding supply chain and labor supply issues sending consumers online and to stores in droves,” said Steve Sadove, senior advisor for Mastercard.

“Consumers splurged throughout the season, with apparel and department stores experiencing strong growth as shoppers sought to put their best-dressed foot forward.”

The spending period spanned from Nov. 1 through Dec. 24. The figures from Mastercard appeared to be mostly in line with other estimates.

In early December, American Express Co. said consumer retail spending had soared 30% compared to pre-pandemic levels. American Express' Chief Financial Officer Jeff Campbell had said in a conference call that the early results were "very, very strong.”

USA Today's retail and workplace correspondent Charisse Jones told "CBS Mornings" on Friday that Americans were eager to spend during the holiday season.

"A lot of folks have extra money because wages went up a little bit this year. You also have the stimulus checks and the child tax credits. So, people have a little bit more money in their pockets. They are eager to get out there and shop," Jones said.