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, Viral Videos

WATCH: Ice Cube teaches Elmo a new word

Fresh
11-overlay2

There was a time when parents would have freaked out to hear their kids were learning words from Ice Cube.

in Music

Meghan Trainor has beat Michael Jackson

Fresh
trainor

The "All About That Bass" singer is the first Epic Records artist to score eight weeks at No. 1 on the pop charts.

in Trending, Viral Videos

TODAY’S MUST SEE: Daniel Radcliffe ‘raps’ the alphabet

Fresh
17-overlay3

The "Harry Potter" star performs the tongue-twisting "Alphabet Aerobics" and it's hilarious.

in Music

Phil Collins: Genesis reunion will ‘never’ happen

Fresh
philcollins

Phil Collins has ruled out a reunion of the classic Genesis line-up because he can never play the drums again.

in Music

Chris Brown settles two lawsuits

Fresh
chrisbrown

The R&B singer has settled two civil suits stemming from separate altercations last year.

Weather

condition Condition: Partly Cloudy
Temperature: 38°
High: 57° - Low: 36°