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

City Council Green Lights Magro’s off Stevenson Dr.

Fresh
municipalcenter

Aldermen approved the variance on a 9-1 vote, Ward 3 Alderman Doris Turner was the lone no vote.

in Local

Eastbound Monroe St. Reduced by Capitol

road construction

Public Works says multiple service valves have broken and they need to be repaired.

in Local

Portions of Chatham Under Boil Order

water

Residents and businesses in the area on West Walnut St. from Route 4 to College might experience low water pressure or no water pressure at all.

in Election 2014, Local

Barr, Regan Agree to Sheriff’s Race Debate on WTAX Oct. 31

sangamon county sheriff

The two candidates have sparred back and forth in recent weeks through press releases and, in some cases, have cancelled other debates due to perceived hostilities.