The strength of the recovery in the US retail sector is under new scrutiny in spite of record-breaking holiday sales, as data show sliding footfall in stores, slowing rental growth at malls and stuttering demand for consumer electronics.
For the second festive period in a row, the number of consumers shopping in stores fell 3 per cent year-on-year, according to retail analytics group ShopperTrak, as millions of Americans opted to buy gifts online. . . . more