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 Local

Ben U Student Airs Concerns Following Private Forum

Updated
school test

The questions surrounding Benedictine University's decision to cancel undergraduate programs at its Springfield campus continue.

in Local

Springfield Clinic’s “GIVE75″ Campaign Continues

sojourn

Springfield Clinic is celebrating its 75th birthday but the company is giving the presents instead of receiving

in Local

Bar Assoc. Offers Help Voting for Judges

gavel2

How do you know how to vote for judges? The Illinois State Bar Association has some help.

in Election 2014, Local

Rauners Say Bruce and Quinn Agree on Social Issues

Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

Speaking to a coalition of women supporting her husband’s campaign, Diana Rauner said Gov. Pat Quinn has tried to take the focus off jobs and the economy.