It's been almost two years since the pandemic rolled in and many wondered whether retail could survive shutdowns, fear of contagion, and an explosion of e-commerce.
Now, after online buying hit a peak of 15.7% of all retail in the second quarter of 2020, it's now back down to 12.9% with a continuation of its older growth rates.
"Not all consumer activity is online," says Jim Costello, senior vice president of Real Capital Analytics. "It's a very upper-middle-class thing."
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