April 7, 2011
By Rachel Lamb
The SpendingPulse study measured total apparel, footwear, furniture and ecommerce behavior. The findings are indicative of the current mindset of the typical buyer.
“As fuel prices rise beyond the $3.50 per gallon mark, miles driven begin to drop off substantially, giving shoppers more incentive to stay home,” said Mike Berry, director of industry research for MasterCard Advisors SpendingPulse, Purchase, NY. “Online shopping allows them to continue to shop without extra trips to the mall.