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

Nicholas Hoult to take on J.D. Salinger in new biopic

nicholashoult

The British actor will portray the beloved American author in "Rebel in the Rye."

in Entertainment

‘Spectre’ could be Daniel Craig’s last ‘Bond’ movie

danielcraig

The British star, whose turn in "Spectre" marks his fourth time playing 007, has now admitted he has no current plans to appear in another Bond movie

in Viral Videos

WATCH: Truck vs. Tree

17-overlay

Witness the power!

in Music

Deryck Whibley is a married man

The Sum 41 rocker exchanged vows with his fiancée Ariana Cooper.

in Music

Jack White to play on Colbert’s ‘Late Show’

jackwhite

Jack White's band The Dead Weather are to give their first live performance in five years.