News

MasterCard: Holiday sales better than last year

MasterCard: Holiday sales better than last year

SHOPPING: Holiday shoppers pass a nutcracker figure in the Georgetown neighborhood of Washington on Christmas Eve, Tuesday, Dec. 24. Photo: Associated Press/Jacquelyn Martin

(Reuters) – The 2013 holiday season, touted to be the worst since 2008, showed strong growth compared to last year, according to data published by MasterCard Advisors SpendingPulse, which tracks customer spending during the holiday season.

Holiday sales between Nov. 1 and Dec. 24 rose 2.3 percent, compared to 0.7 percent a year earlier.

“It was actually a Merry Christmas for retailers,” Sarah Quinlan, senior vice president at MasterCard Advisors, told Reuters, adding that jewelry was the best-performing category during the season.

(Reporting by Siddharth Cavale in Bangalore; Editing by Sriraj Kalluvila)

Recent Headlines

in Music

Glenn Frey eyes Eagles musical

Fresh
glennfrey

The guitarist is contemplating developing a musical based on songs of the Eagles.

in Music

Roger Daltrey predicts this is the last Who tour

rogerdaltrey

Roger Daltrey says he used to try to sing like it's the first time, but now he sings for what might be the last time.

in Music

Andy Summers: ‘The Police will always have a special bond’

andysummers

Industry insiders claimed the trio's most recent reunion fell apart amid backstage squabbles, but the guitarist says it's just not true.

in Music

WATCH: Stevie Wonder surprises Minneapolis church

12-overlay9

The congregation of New Salem Baptist Church had a Sunday service they won't forget.

in Entertainment

Trevor Noah set to replace Stewart on ‘Daily Show’

trevornoah

Comedy Central has named Trevor Noah, a 31-year-old comedian from South Africa, as Jon Stewart's replacement.