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 Music

Elton John marks World AIDS Day with call to action


The "Rocket Man" star has spent years campaigning and raising money to fight HIV/AIDS with his Elton John AIDS Foundation, and he recently announced a special partnership with the U.S. government.

in Entertainment

MOVIES: 25 Days of Christmas Films

Bad Santa

Get into the holiday spirit with these festive films!

in Lifestyle, National

How holiday shopping mania led to Giving Tuesday


If you end up with a massive money hangover after the five-day holiday shopping mania that stretches from Thanksgiving Day through Black Friday to Cyber Monday, the antidote is Giving Tuesday.

in Trending, Viral Videos

TODAY’S MUST SEE: Automatic sliding doors are awesome, kid


When you're this young, even a trip to the grocery store can blow your mind.

in Entertainment, Lifestyle

HAPPY BIRTHDAY: 26 freebies to help you celebrate this December


On your birthday you can have your (free) cake and eat it too!