Cyber Monday Sales Slow as Web Shopping Spans Holiday Season

  • Lines blur with Black Friday as more people shop from couch
  • Top items include Nike shoes, Beats by Dre, Star Wars' R2-D2

Cyber Monday: Are You Working Or Shopping Online?

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The pace of online spending slowed on Cyber Monday after consumers started their Internet shopping earlier over the weekend, turning to their smartphones to pick up deals, according to International Business Machines Corp.

Web-based sales climbed 18 percent Monday from a year earlier, after jumping 26 percent on Saturday and Sunday, IBM said in a final reportBloomberg Terminal early Tuesday. Still, Cyber Monday remains the biggest online spending day, with total outlays hitting a record $3 billionBloomberg Terminal this year, according to Adobe Systems Inc.