From e-receipt data as of May 18, 2025:
Promotions, not panic, drive sales – Stockpiling has faded; online growth now fueled by retailer promotions.Tariffs slow global growth – International marketplaces (-20%) and food delivery (-30%) hit hardest for post-tariff growth deceleration; apparel sales lag vs. last year.Air travel drags – Domestic bookings down, especially for economy (-7% YoY) and August (-11% YoY) travel.Temu & SHEIN slump – Sales still -20% to -30% vs. pre-tariff trends, with only tentative signs of recovery.
Don't miss an insight – subscribe to our newsletter.
.png)
.png)
.png)
.png)
.png)
