A general assumption that state restrictions because of COVID-19 drove consumers from retail stores to online sales may not be completely accurate, according to a data analysis. While e-commerce sales skyrocketed in 2020, and in-store sales declined across the board, data from Commerce Signals indicates that some of the states with the largest percentage increases in e-commerce sales also saw among the smallest declines in in-store sales.
Commerce Signals tracks consumer spending through credit...
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