10 Simple Tricks to Eat Less (+ lose weight)



Americans appetite for stuff slowing down

Traditional retail is having a . Declining sales, , and the have all pressured the old guard of shopping.

On Tuesday, Bank of America Merrill Lynch had some more bad news for the mall stalwarts: No one .

Using the aggregated data of those with Bank of America debit cards and credit cards, US economist Michelle Meyer identified a growing trend in customers' spending habits: Instead of purchasing goods, more and more Americans are putting their incomes toward experiences.

"We show an assortment of categories in the Chart of the Month and observe the following themes: softness in housing-related items; continued shift away from department stores and teen &youngadultclothing;strengthinsportinggoods;andanincreaseinspendingontravelandrestaurants,"MeyerandherteamwroteinanotetoclientsonTuesday.

Thisiscertainlysomethingwe'vepointedoutbefore,buttheBankofAmericadataisespeciallyinterestingasittracksactualspendingatpointofsaleratherthanrelyingonasurvey.

Basedonthedata,spendingatdepartmentstoressuchasMacy'sandNordstromhasdeclined4.0%,reiteratingthedownwardtrendforthegroup.ThisfollowssurveydatalastmonthfromMorganStanleyfindingthatretailsalesinmayweredown3.9%year-over-year.

Spendingisalsodown4.6%atteenandyoung-adultstores,3.6%onhomegoods,and3.0%onelectronics.

Meyerpointedtothehome-goodssalesasparticularlyinterestingconsideringthatthehousingmarkethasseensomestrengthinthepastfewmonths,withexisting-homesaleshittinganine-yearhighinMaydespitesupplyissuespercolatinginthemarket.

"Weseecontinuedevidencethatspendingrelatedtothehomehasweakened—salesatfurnitureandhomegoodsstoresaredecliningonayear-over-yearbasis,down0.5%and3.6%,respectively,aftersolidgainsoverthepriorfiveyears,"Meyerwrote.

"Similarly,spendingathomeimprovementstoreshasbeensluggishsincethestartoftheyear,althoughtherewasatickhigherinJune,"asillustratedinthechart.

BankofAmericaMerrillLynch

ThebigwinnersintheBAMLdatawerebusinessesassociatedwithactivitiesandexperiences,accordingtoMeyer.

"Ontheupside,sportinggoodsstoreslookstrongandthetravel-relatedcomponents—airlinesandlodging—areseeingcontinuedgains,"Meyerwrote.

"Peoplearealsostillgoingtorestaurantsandbars,withspendingup5.8%year-over-year,comparedtothepriorfive-yearaverageof6.7%.Itseemsthatconsumersareprioritizingspendingonexperiences."

WhileMeyerdoesn'tspeculateonthereasonforthisshift,thetrendisfairlyclear:Peopledon'twantstuff; they want stories.






Video: Top 10 Foods for Diabetes Control

Americans appetite for stuff slowing down
Americans appetite for stuff slowing down images

2019 year
2019 year - Americans appetite for stuff slowing down pictures

Americans appetite for stuff slowing down recommendations
Americans appetite for stuff slowing down forecasting photo

Americans appetite for stuff slowing down pics
Americans appetite for stuff slowing down picture

Americans appetite for stuff slowing down Americans appetite for stuff slowing down new images
Americans appetite for stuff slowing down new pictures

pics Americans appetite for stuff slowing down
foto Americans appetite for stuff slowing down

Watch Americans appetite for stuff slowing down video
Watch Americans appetite for stuff slowing down video

Forum on this topic: Americans appetite for stuff slowing down, americans-appetite-for-stuff-slowing-down/
Discussion on this topic: Americans appetite for stuff slowing down, americans-appetite-for-stuff-slowing-down/ , americans-appetite-for-stuff-slowing-down/

Related News


11 Thoughts Every Woman Has After Crushing a Super-Hard Workout
How to Hypermile
Hair Tutorial: How to FINALLY Master a Fishtail Braid
How to Hollow Out Wood
A Pair of Jackie Kennedy’s Shoes Just Sold for 30,000: See ThemHere
Taco Bell Has 3 New Menu Items and Theyre All Equally Amazing
4 Quick and Easy No-Sugar Ice Cream Recipes
How to Balance Vaginal pH
YSL Vernis A Levres Vinyl Cream Fall 2019 Makeup Collection
8 Ways to Beautify Your Bathroom
What Erdogan left out
How to Melt Aluminum



Date: 12.12.2018, 20:40 / Views: 84551