Yes, brick-and-mortar stores are facing threats from online channels such as Amazon (AMZN - Get Report) . But here's a statistic that will put the shopping landscape in perspective: online shopping only represents 8.4% of total retail sales, according to Sarah Quinlan, sr. vice president at MasterCard (MA - Get Report) .
Consumers are laser focused on experiential spending, according to Quinlan, hence why airline and travel spending has been on the rise.
Watch More with TheStreet:
- Here's How to Keep Your Budget Afloat During the Holiday Season
- You Have Nothing to Fear About Investing In the Stock Market: Tony Robbins
- Apple's Delayed HomePods Are Part of a Much Bigger Play on Digital Music
- 5 Things You Shouldn't Buy on Black Friday