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On-Line Retailers Expect Slow Holiday Sales.
Online retailers are seeing a slow-down in Holiday sales due to the poor economy.
Internet-tracking firm comScore Inc. released results showing that Online spending for the first three weeks of November dropped 4% from the same period last year. comScore predicts that spending for the overall holiday period (November through December) will be flat compared to last year. 2007 saw a 19% sales increase over 2006.
E-tailers such as BlueNile are hoping that "Green" Monday which falls this year on December 15th, that past years has been the biggest on-line shopping day of the season will was again bring out shoppers in droves despite the uncertainty of the current economic situation.
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