With the latest March sales now in the books, I thought it would be worthwhile to compare January 2011 to March 2011 to January 2017 to March 2017. Some highlights:
- Internet Nonstore Retailers posted an astounding 60% growth rate for the top spot.
- Building Materials Retailers like Home Depot and Lowes posted a 45% growth rate.
- Lower gasoline prices led to a decline of 14%.
- Unsurprisingly, Department Stores posted a decline of 18%.
The trends are undeniable. The shift to the internet and categories like restaurants has been alive and well for years. All categories except gasoline and department stores were positive.