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

CHART TOPPERS: This week’s top alternative tracks

samsmith

LISTEN: This week's top alt tracks, according to the latest Billboard chart.

in Music, Viral Videos

WATCH: Bret Michaels covers ‘Endless Love,’ serenades van

bret

The Poison frontman remakes the Lionel Richie classic, while rocking out at Nissan's car testing facility.

in Music

Jenny Lewis launches wine brand

jennylewis

Bottles of "The Voyager" retail at $29.99 and come with a download coupon for Lewis' new music.

in Trending, Viral Videos

TODAY’S MUST SEE: Dog brakes

dog

Stella the yellow lab wants to keep playing fetch but her hind legs have other plans!

in Music, Entertainment

Lorde curating ‘Hunger Games’ soundtrack

lorde

The 17-year-old pop star is recording a single for the third installment of the franchise.