The following chart shows nonstore retail sales divided by department store retail sales (excluding leased departments).
Click to enlarge.
They say that every parabolic trend must fail someday.
Unfortunately, for department store employees, this one may fail at infinity. Sigh.
Source Data:
St. Louis Fed: Custom Chart
Real Estate Newsletter Articles this Week: Housing Starts: Record Average
Length of Time from Start to Completion in 2023
-
At the Calculated Risk Real Estate Newsletter this week:
• Housing Starts: Record Average Length of Time from Start to Completion in
2023
• Part 1: Curren...
15 hours ago
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