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

These middle school kids might be the next big metal band

unlockingthetruth

These Brooklyn boys don't need junior high talent shows, they've just signed a million-dollar deal.

in Music

Def Leppard postpones Vegas shows to record new album

defleppard

The rockers are postponing plans to head to Sin City to record a new album.

in Entertainment

‘The Best Man’ set for ‘threequel’

bestman

The new film appears to pick up from news Howard's character drops at the end of the "The Best Man Holiday," which was released last November.

in Music

Michael Jackson’s hometown to name school for him

michaeljackson

A school in Michael Jackson's Indiana hometown will be named for the late pop star.

in Music

Noel Gallagher interview inspired Lars Ulrich to quit cocaine

larsulrich

The longtime Oasis fan began to realize his drug of choice was no longer cool when Gallagher opened up about his decision to quit a decade ago.