Cyber Monday US Retail Sales Exceed Expectations

03/28/2008 02:45 am ET | Updated May 25, 2011
  • MSN Money

US online retail sales have been growing at better-than-expected rates in the run-up to the holidays, according to Wall Street analysts and internet retailers.

The news mirrors the robust start to the holiday shopping season reported by traditional retailers.

Raul Vazquez, chief executive of Walmart.com, said the retailer had seen sales on the Friday after Thanksgiving holiday "exceed our expectations" of 40-60 per cent annual growth.

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