Doom-and-gloom headlines about the shrinking number of stores in malls, closing department stores, and thinning foot traffic have been everywhere lately, and not without good reason. If one were to venture a guess based on brick-and-mortar store performance, it would appear the U.S. consumer has stopped spending. But in fact, consumer spending has been rising steadily every year since 2009. It's just that an ever-greater number of people are choosing to do their shopping online. According to the U.S. Census Bureau's monthly retail report, retail sales were up 4.5% year over year in April, but online sales grew 12%.
Jun-4-2017, 06:45:07 GMT