“Cyber Monday” Sales Up 21 Percent, IBM Reports

Online sales on “Cyber Monday” rose 21 percent, driven by strong growth in mobile sales, International Business Machines Corp. said, though the day’s growth rate continued to slow as retailers unveiled discounts earlier into the shopping season.

Sales on Cyber Monday, a term coined in 2005 to label one of the busiest online shopping days of the year, jumped 30 percent in 2012 and 33 percent in 2011, according to previous IBM reports.

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