Online shopping used to be the one part of the economy where prices would reliably fall. Covid has changed that.
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NEW YORK (AP) � Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores. Retail sales fell a seasonal adjusted 1.1% in July from the month before, the U.S. Commerce Department said Tuesday. It was a much larger drop than the 0.3% decline Wall Street analysts
(CNN) � Best Buy says it is closing its stores on Thanksgiving day. This follows in the footsteps of other retailers like Dicks sporting goods, Target, and Walmart� Who have already announced their plans. It comes as the coronavirus pandemic changes how customers buy goods across the globe. Consumers are shopping more online and less
Dick’s Sporting Goods is furloughing most of its 40,000 employees.
Dick’s Sporting Goods will stop selling guns at 440 more stores.