Unvaccinated Americans Are Going Out and Spending More, Research Shows gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
Have home retailers peaked?
The category was on the rise, but the pandemic drove exponential growth. Retailers must now navigate how to sustain momentum in the years ahead. Published May 10, 2021 Adeline Kon/Retail Dive
When the coronavirus pandemic took hold in the U.S., nearly every aspect of the retail industry was impacted. But the divide between those retailers deemed essential versus nonessential became increasingly apparent as the weeks, and then months, went on.
One category, despite being nonessential, gained from the circumstances brought on by the pandemic: home.
The sector experienced unprecedented demand from consumers adjusting to new realities and living situations and looking to make life at home more comfortable. The category stood in stark contrast to other discretionary categories, namely apparel, where sales plummeted from 2019 figures as a result of changing consumer preferences.
Trump Hates This: Biden s $1,400 Stimulus Checks Made the Economy Boom
Personal income surged by a record-breaking 21.1 percent in March largely due to the stimulus payments from President Joe Biden’s pandemic rescue package, propelling a long-awaited economic recovery after more than a year of uncertainty.
Personal income surged by a record-breaking 21.1 percent in March largely due to the stimulus payments from President Joe Biden’s pandemic rescue package, propelling a long-awaited economic recovery after more than a year of uncertainty.
The big gain was the largest monthly increase in over 60 years, reflecting the delivery of millions of $1,400 direct payments from Biden’s $1.9 trillion relief bill that Democrats squeezed through Congress last month. The payments accounted for $3.948 trillion of the overall seasonally adjusted $4.213 trillion increase in March in household income.
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