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February 3, 2014

Retail shopping in U.S. is changing fast

  • Online holiday shopping rose 10 percent to $46.5 billion, while sales at stores rose just 2.7 percent to $266 billion.
    • By MAE ANDERSON
    AP Retail Writer

    NEW YORK — The financial strains and shifting shopping habits of Americans have led to uneven fortunes for retailers.

    Traditional consumer companies like Wal-Mart and Mattel have continued to struggle as Americans spend more cautiously in the uncertain economy. But Amazon.com has flourished as shoppers increasingly buy online rather than head to stores.


     
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