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Updated: 7:11 PM Dec 1, 2008
Online Shopping Season Starts
Online retailers are hoping they've got a deal for you on "Cyber Monday." But their expectations have also been lowered on what's considered the unofficial kickoff to the online retail season. Posted: 4:40 PM Dec 1, 2008 |
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NEW YORK (AP) - Online retailers are hoping they've got a deal for you on "Cyber Monday." But their expectations have also been lowered on what's considered the unofficial kickoff to the online retail season.
Monday marks the online retail industry's ceremonial kickoff for the holiday shopping season. The National Retail Federation says more than 80 percent of retailers will have special promotions online today, up from last year.
As for the Thanksgiving weekend sales, they're looking like they
only met the low end of expectations, at best.
Industry analyst Marshal Cohen says the message from consumers
is they want even better deals and they're willing to wait for them.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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