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Saturday, November 26, 2005

sales are expected to hit nearly $20 billion

Online retailers await 'Cyber Monday'

Friday November 25, 5:33 PM EST
By Lisa Baertlein

LOS ANGELES (Reuters) - U.S. online holiday sales are expected to hit nearly $20 billion this year and should take off on Monday, when consumers return to work and their fast Internet connections after the long Thanksgiving weekend.

"Cyber Monday," the term coined for the Monday after Thanksgiving, comes on the heels of the busy "Black Friday" shopping day when many brick-and-mortar retailers begin turning a profit.

http://finance.myway.com/ht/nw/bus/20051125/hlm_bus-mcc573126.html


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