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 Music

Yoko Ono unveils Ellis Island tapestry dedicated to John Lennon

Fresh
24-overlay19

The tapestry was commissioned by Art For Amnesty to thank Ono for donating royalties from covers of Lennon's solo songs to Amnesty International.

in Viral Videos

WATCH: Man rolls under train in heart-stopping video

Fresh
22-overlay17

Witnesses couldn't believe their eyes when they saw a man purposely rolling under a moving train.

in Entertainment

‘Star Trek,’ ‘Superman’ costumes up for auction

nimoy2

Costumes worn by late actors Leonard Nimoy and Christopher Reeves are going under the hammer.

in Music

Courtney Love wants Kurt Cobain’s death records sealed

Kurt Cobain

Kurt Cobain's widow and daughter are petitioning a Seattle judge to keep gruesome death-scene photos and police records relating to the Nirvana frontman's 1994 death sealed.

in Music

Aretha Franklin regrets giving up on ‘Upside Down’

arethafranklin

The soul legend regrets passing on the chance to record the song that became a huge hit.