Perhaps the Cannibalization of Department Stores' Sales by Online Retailers Is Over?
Online Retailers
Black Friday is over. Early indications are that online sales will far surpass all-time records. By contrast, early results on department stores are mixed.
Question - Do online sales cannibalize brick-and-mortar sales, or are they complementary?
A Broader View of Retail Sales
Before addressing the department stores versus online retailers issue, here's a broad view of the American consumer.
It's fairly easy to see that the most recent tick at 1.7% Y/Y is . . .
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