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Cyber Monday Sales Start Slow As Early Discounts Hurt


Ron Burgundy
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Worker gathers items for delivery at Amazon's distribution center in PhoenixBy Nandita Bose NEW YORK (Reuters) - U.S. online sales grew a smaller than expected 8 percent on Cyber Monday after web promotions before and during the Thanksgiving weekend robbed business from what has traditionally been the busiest day of the year for Internet shopping. As of 6 p.m. EST, data from IBM Digital Analytics Benchmark showed Cyber Monday sales grew sharply slower than comScore data over the weekend which showed a 32 percent rise in online orders on Thanksgiving and 26 percent on Black Friday. Cyber Monday sales were projected to rise between 13-15 percent. ...




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