Monday, November 30, 2009

'Cyber Monday’ sales rise 20% over 2008

NEW YORK - Retail web sites kept amping up the deals Monday, the first day after Thanksgiving weekend's strong online sales, to try to maintain the momentum.

Though the Web is only about 10 percent of the holiday shopping pie, it's seen most of the growth so far this year — an encouraging sign after last year's first online sales decline.

Coremetrics, a Web analytics company in San Mateo, Calif., said that as of 1 p.m. Monday (11/30/09), sales for the day that the industry still pitches as "Cyber Monday" were up 19.6 percent over a year ago.

msnbc.com

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