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Online retail sales defy gloomy predictions

E-commerce sales are holding up well against last year’s holiday season, despite gloomy predictions.

A report published by Comscore shows that online spending reached USD 887 million on December 9, making it the heaviest cyber spending day on record.

This news is a silver lining amid the dark clouds cast by the current economic crunch, and an indicator that more and more people may be turning online for bargains and better deals.

The question is: will the trend last?

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