Online retail braced for 'Mega Monday'

£320m predicted to be spent on cards alone, as Christmas shopping season kicks off online.
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The biggest online shopping day - dubbed Mega Monday - is being forecast as Monday December 3rd, with research predicting transactions will hit 6.8 million.

£320 million is expected to be spent on Visa cards alone, according to research conducted by Visa Europe and John Lewis.

Online shopping records were broken in the US on Cyber Monday - the first major shopping day after Christmas, with sales up 28.4 per cent compared to last year.

Companies are also anticipating an increase in mobile shopping this Christmas, with smartphones and tablets changing people's shopping habits.

According to figures released by Deloitte, £3.5 billion of Christmas sales this year will either be bought via smartphones or influenced by them, with consumers using devices to look up prices, store shopping lists, interact with their social media networks and to purchase goods.

Image sourced from CNET.

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