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 Lifestyle

Bill Gates is still the world’s richest man

Fresh
billgates

The co-founder tops the list with a whopping $79 billion in net worth.

in Music

Whitesnake rocker David Coverdale relives time with Deep Purple

coverdale

The band's 12th studio album, "The Purple Album," will be Coverdale and company's first with new guitarist Joel Hoekstra.

in Music

Ian Anderson dashes hopes of original Jethro Tull reunion

jethrotull

The frontman insists there will be no classic line-up reunion.

in Lifestyle

NY couple married 82 years celebrates joint birthday

17-overlay1

Duranord Veillard turned 108 on Saturday and his wife, Jeanne will be 105 in May.

in Music

Aretha Franklin to mentor ‘Idol’ wannabes

franklin

The soul star is also slated to perform on an upcoming episode of "American Idol."