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Gift shoppers flocked to the web
U.S. Internet sales rose 15.4%, to $36.4 billion, between Oct. 31 and Dec. 23, according to MasterCard SpendingPulse, a unit of MasterCard Advisors that tracks sales at 72,000 retailers. In the same span a year ago, Internet sales rose 15.2% from a smaller base. -- The Wall Street Journal

Sales may top $1B, making yesterday busiest online day
NEW YORK November, 2010 -- Cyber Monday started as a gimmick to get people to shop at their desks on the first workday after Thanksgiving. But if you promote something enough, it can take on a life of its own. This year, stores swamped customers with online ads and e-mail deals, and sales could surpass $1 billion, making it bigger than any single shopping day last year. Online sales were running 15 percent ahead of last year's by 3 p.m. yesterday, with the biggest shopping hours of the day still to come, according to IBM's Coremetrics tracking service. "The numbers are really strong," said the service's chief strategy officer, John Squire, who added that he expects Cyber Monday to be the biggest online shopping day of the season. -- Pittsburgh Live

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