Research groups predict robust online holiday shopping

FILE - In this Monday, Nov. 29, 2010, file photo, a consumer looks at Cyber Monday sales on her computer at her home in Palo Alto, Calif. Retailers are rolling out online deals on so-called "Cyber Monday." But now that shoppers are online all the time anyway, the 10-year-old shopping holiday is losing some of its luster. (AP Photo/Paul Sakuma, File)
FILE - In this Monday, Nov. 29, 2010, file photo, a consumer looks at Cyber Monday sales on her computer at her home in Palo Alto, Calif. Retailers are rolling out online deals on so-called "Cyber Monday." But now that shoppers are online all the time anyway, the 10-year-old shopping holiday is losing some of its luster. (AP Photo/Paul Sakuma, File)

NEW YORK (AP) – After a tumultuous presidential election, will Americans be ready to shop for the holidays? Research firms are predicting robust growth for online shopping, at least.

ComScore predicts online spending on “Cyber Monday” will jump to $3.5 billion from $3.12 billion last year. Cyber Monday follows Black Friday and is typically the busiest day of the year for online shopping.

ComScore’s preliminary online holiday shopping forecast is for sales to rise as much as 19 percent to $81 billion.

About 17 percent of holiday spending is done online. Overall, the National Retail Federation is forecasting holiday sales for the November and December period to rise 3.6 percent to $655.8 billion, better than the 3 percent growth seen in the year-ago period.

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