In honor of Valentine's Day, The Economics Daily (a blog and email alert service from the Bureau of Labor Statistics)
highlights gift-related retail businesses. It might not surprise anyone who's shopped online or seen trucks delivering Amazon boxes to their neighbors, but the number of brick-and-mortar retail businesses selling gifts, jewelry, and flowers has fallen while online shopping has shot up. If you want to give your sweetheart wine there are even more physical stores than fifteen years ago.
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| Gift-related retail establishments, 2001-2014 |
Another chart shows employment in the different types of gift-related retailers. The employment in mail-order houses has gone down some, but it's still significant: it was only a few years ago that employment in online retailing passed it.
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| Chart: Employment in gift-related retailers, 2001-14 |
If you like to see stats like this, I recommend the TED email alerts. You can sign up for these—and a slew of other alerts—
here.
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