Long before there were e-commerce retailers with next-day shipping, buy-now-pay-later financing, and advertisers tracking every click, there were department stores with friendly human associates and layaway services.
Experian examined data from the Census Bureau's Advance Monthly Retail Trade Survey to see how department store spending has changed since 1993.
Department store spending grew in the 1990s, peaked in early 2000s Retail spending began to decline in the late 2000s Spending declines continued in the 2010s, more retailers shutter during pandemic era Shoppers turned to online shopping during pandemic Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | Omny Studio Tags The business news you need Get the latest local business news delivered FREE to your inbox weekly.
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