Growth of spending on non-grocery, pharmacy, and grocery spending has returned to pre ‘Black Friday’ sales level – TBC Capital reported in its recent ‘Tracking a Recovery’ report.
According to the Investment Bank, at 6% YoY in the November 24-30 period, growth in resident non-cash spending on non-grocery & pharmacy decreased significantly, back to its previous level; while growth remained sizable in non-cash spending on grocery, at 54% YoY. Growth of spending on pharmacy back to its original level, currently at 39% - TBC Capital reported.
