Showing posts with label Americans Now Spend More at Internet Stores Than Restaurants. Show all posts
Showing posts with label Americans Now Spend More at Internet Stores Than Restaurants. Show all posts

Monday, June 17, 2019


By Bloomberg, June 15, 2019

U.S. stores reported broad-based gains in activity last month as 10 of 13 major sectors increased sales from a year earlier.

But, just how concentrated are the gains? The dominance of online merchants is becoming increasingly clear. In the past year, Americans' boosted spending to "nonstore retailers" while clothing, food and beverage and building-material stores felt the brunt of consumers' changing habits.