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Millions seek Cyber Monday bargains online

The world's retailers are hoping to follow up the shopping frenzy of Black Friday, with its online equivalent Cyber Monday, when consumers go online looking for good discount deals.

Stacey Widlitz, the President of SW Retail Advisers, tells the Βι¶ΉΤΌΕΔ's Russell Padmore these promotions are good for consumers, but they can damage profit margins.

(Picture: A laptop user searches for Cyber Monday bargains online. Copyright Getty Images.)

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3 minutes