U.K.'s Cyber Monday sales expected to hit £350 million

12/7/2009 | Financial Times (tiered subscription model)

Online shoppers are expected to spend at least £350 million on holiday gifts today in what is expected to be retail Web sites' busiest day of the year. In the U.K., the first Monday in December is considered "Cyber Monday." According to an industry group, total sales for December are expected to be around £5 billion, a 14% jump over last year.

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