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 Entertainment

Today in entertainment history: July 30

elvis

The Hollywood headlines that made history.

in Music

Soundgarden fan sends death threats to Chris Cornell

Chris Cornell of Soundgarden performs at Rock on the Range on Sunday, May 19, 2013 in Columbus, Ohio.

An obsessed fan of Soundgarden frontman Chris Cornell has been arrested and charged with sending death threats to the rocker and his family.

in Music

Arcade Fire confused by fans’ love for free downloads

Win Butler and Reed Parry of Arcade Fire perform at the 2014 Big Day Out Festival.

Arcade Fire are baffled by the avalanche of online file-sharing because fans will regularly buy expensive coffee but expect to get records for free.

in Entertainment

Jamie Foxx to portray Mike Tyson in biopic

Actor Jamie Foxx poses for a portrait at the Crosby Street Hotel, in promotion of his upcoming role in "The Amazing Spider-Man 2," on Sunday, April 27, 2014 in New York.

Jamie Foxx is set to portray boxing legend Mike Tyson in a movie after five years of preparation for the role.

in Music

Lars Ulrich fuels AC/DC Glastonbury rumor

Lars Ulrich of Metallica poses for portraits at the 66th international film festival, in Cannes, southern France, Thursday, May 16, 2013. Ulrich is promoting the film Metallica Through The Never, directed by Nimrod Antal.

Metallica star Lars Ulrich has fueled rumors rock veterans AC/DC will headline Britain's iconic Glastonbury festival next year.