Amazon, Kohl’s, other retailers poised for big spike in online holiday sales

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LONDON, ENGLAND - DECEMBER 26: Shoppers crowd Oxford Street during the Boxing Day sales on December 26, 2013 in London, England. Statistics have shown that this year people are more likely to shop in the sales online than on the high street for the first time. (Photo by Matthew Lloyd/Getty Images)

Shoppers are expected to spend even more money this holiday season.

The National Retail Federation has estimated shoppers will spend an average of $935 during November and December of 2016.

That would be a 3.6 percent increase from 2015.

But online sales are expected to grow even more — between seven and 10 percent over 2015 — to more than $117 billion.

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