Thursday, January 12, 2017

In-Store Declines Drag Down Traditional Retailers

Image result for internet salesFirst Data Corp., which tracked credit, debit and other card transactions at one million U.S. merchants, estimates that online sales increased nearly 11% from the previous holiday season, compared with just 2.7% growth at brick-and-mortar stores.

As shoppers moved online, they increasingly went to Amazon.com Inc. The web retailer dominated the holiday season, garnering 38% of online revenue, according to Slice Intelligence, which analyzed digital shopping receipts. The next closest competitor was Best Buy Co., with a 4% share.. . . more

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