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NOTEBOOK – ONE GOOD READ: Post pandemic shopping spree is underway


Consumers are buying more of everything, from champagne and skirts to shaving kits as retail sales rise while the world opens up with more people getting a COVID-19 vaccine. Consumers are also booking more plane trips, going to the mall or watching movies in a theater again. In this article from CNBC, Commerce Department data shows retail sales rose nearly 10% in March as shoppers wasted no time spending their latest stimulus check. Sporting goods stores saw the largest gain at 23.5%, while clothing stores saw an increase of more than 18%. According to Marshal Cohen, an analyst for market researcher NPD Group, what someone is buying illustrates “how we’re going to spend in the short term, as we navigate our way out of this whole mess. It’s a really good indicator of where the consumer’s psyche is.”

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