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

today in Music

Justin Bieber’s DUI trial delayed until July

justin

The "Baby" hitmaker was granted a postponement.

today in Music

Chris Brown’s assault trial delayed again

brown

The R&B singer's assault trial is facing a long delay.

today in Music

Rick Springfield embarking on solo tour

springfield

The "Jessie's Girl" hitmaker will head to his native Australia for a tour.

today in Viral Videos

It’s not Pitbull, it’s Amy Poehler

amy

Do you think she fooled anyone?

today in Entertainment

Oscar-winner Lupita Nyong’o named ‘most beautiful’

people

The actress was named as the world's most beautiful woman for 2014 by "People" magazine.