LOS ANGELES, Nov. 26 /PRNewswire/ — PriceGrabber.com(R), a part of Experian, announced earlier today that the shopping comparison site has received an initial increase in traffic to merchants of 54 percent year over year as of 12 p.m. noon PST on this “Cyber Monday.” Statistics during the busy shopping weekend show strong growth and momentum going into the holiday season.

“With ‘Cyber Monday’ being recognized as one of the biggest online shopping days of the year, we are definitely seeing consumers spending some spare time at work comparing the prices they saw in the malls over the holiday weekend with available deals online,” said Ron LaPierre, president of PriceGrabber.com.

Based on heavy online turnout during the Thanksgiving weekend, comScore predicted that online shopping would surpass a record $700 million on Monday. Overall, comScore forecasts holiday Web sales to reach $29.5 billion this year, a 20 percent jump from a year ago.

A recent survey of 1,959 PriceGrabber.com shoppers revealed that 88 percent expect to do at least 50 percent of their holiday shopping online, with 45 percent of survey respondents doing 80 percent online. Results from the past holiday weekend indicate the continued success of online shopping this season.

Top Selling Products on Cyber Monday
1. Nintendo Wii Console
2. Microsoft Zune 30GB Media Player — Brown
3. Logitech VX Revolution Wireless Laser Mouse for Notebooks — USB
4. TomTom ONE 3rd Edition GPS
5. PowerShot SD1000 Silver Digital Camera
6. Apple iPod nano 3rd Generation 4GB MP3 Player — Silver
7. Activision Guitar Hero III Legends of Rock Bundle
8. Garmin nuvi 350 GPS
9. Ugg Classic Tall Boot
10. PowerShot SD850 IS Digital Camera

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