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The pandemic continues to change the way we spend our money: Even as they shelter in place, people in the U.S. have been shopping online — but what they're buying has changed, an analysis of credit and debit card transactions shows. nyti.ms/3bBwBoR
While the shutdowns immediately altered how people spent their money, the patterns have continued to shift as the weeks have gone on, new data shows, shaped by waves of panic buying and even payouts of government aid. nyti.ms/3bBwBoR
As many people stay home — and order their meals in — the crisis has given a boost to the companies that deliver food for restaurants, especially DoorDash. nyti.ms/3bBwBoR
While they’re stuck at home, people can’t seem to get enough of video games. GameStop was a much smaller player before the pandemic, but it has seen its sales soar. nyti.ms/3bBwBoR
Another retailer doing well online: Lululemon, one of the few apparel companies to see its online sales grow. Perhaps sweatpants and leggings serve as particularly good work clothes when your home is doubling as your office. nyti.ms/3bBwBoR
Beyond these potentially temporary shifts, consumer habits appear to be changing in ways that may well endure beyond the pandemic. Read more. nyti.ms/3bBwBoR
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