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While growth in e-commerce is not as strong as it was at the height of the pandemic, shoppers are still going online to look for good deals.
The personal saving rate declined in October to its lowest point since 2005. “A lot of people are close to the edge, unfortunately,” an analyst says.
Alana Ferko explains what’s new at the Butte Plaza Mall.
As inflation hits and consumers abandon pandemic spending habits, Target and others have the wrong kind of stuff on their hands.
More people have gone back to shopping in person, but some pandemic behaviors have stuck.
People want to get outside and do stuff, not just buy stuff. That’s reflected in surging travel bookings — and airfare.
Strong earnings from Nordstrom, Macy’s and Dollar General suggest pent-up demand and a reframing of what people consider essential spending.
One retail category that remains popular: buying groceries online, something many people had not tried before the pandemic.
In-store purchases of clothes and accessories rose 21.9% from last year. Small businesses stand to benefit if they can attract once-cautious shoppers.
Millions of Americans are still shopping like crazy. But retailers worry their voracious appetite won’t last much longer.