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Economics

Americans Now Spend More at Online Retailers Than Restaurants

U.S. stores reported broad-based gains in activity last month as 10 of 13 major sectors increased sales from a year earlier.

But, just how concentrated are the gains? The dominance of online merchants is becoming increasingly clear. In the past year, Americans’ boosted spending to "nonstore retailers" while clothing, food & beverage and building-material stores felt the brunt of consumers’ changing habits.