RETAIL VICE

摘要

August summer vacations leave little money and opportunity for vice. And even more travel means even less vicing. Spending on vacations is cannibalizing other retail spending. But in general spending is slowing, particular for brick and mortar operations, thanks to the Amazon effect. July retail sales jumped on non-store sales due to Amazon Prime Day (see "Cyber sales"). Retail sales (ex Autos & Gas) grew $1 billion in July. Of that, $600 million came from non-store retailers.