Another chart from NYT on the change in retail sales from 2003 to present. For the last 6 years or so, stores for grocery, clothing, building and materials, and furniture all posted a decline. So did auto dealers and department stores. But restaurants, bars, liquor stores, computer stores, and warehouse stores tell a different story.
That building materials stores, furniture and home stores, and auto dealers plunged shouldn’t come as a surprise. However, it’s interesting to note that grocery stores have been on the losing streak since 2003. That is, if the year may be taken as a valid base year/starting point to measure changes in the retail landscape.
Source: NYT (ht to Ritholtz)