Economy Watch Weekly: Traditional Retail Sees Lowest Quarterly Growth Since 2009
May 23, 2017
E-commerce sales continue to grow, posting a 14.7 percent increase in the first quarter of 2017 from the same quarter last year, according to U.S. Census Bureau data. Conventional retailers, on the other hand, weren't so lucky. Economy Editor Dees Stribling has the latest.
While e-commerce continues to see robust growth, with a 14.7 percent increase in the first quarter of 2017 from the same quarter last year, traditional retail sales put up their weakest quarterly growth since the onset of the Great Recession, at just 0.3 percent, according to U.S. Census Bureau data. Economy Editor Dees Stribling discusses first-quarter retail sales and the status of the hotel industry, for the week ending May 19, 2017.
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