U.S. online sales to grow 4.8% in crucial holiday season -report

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Adobe said the holiday season would see heavy discounts this year, especially in the toys, sporting goods and furniture categories, with markdowns peaking at 35%. Last month, Mastercard's SpendingPulse report forecast a 6.7% rise in online sales during the holiday season. With Amazon.com hosting its second Prime Day sale in October, holiday shopping is expected to start as early as this month.

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