A new study has found that a majority of people buy clothes at the mall, where prices are the highest.
A study by research firm LendingTree has found 80% of shoppers spend money on clothes at department stores, up from 60% a year ago.
The findings, published in the Journal of Consumer Research, found that the average shopper spent $1,716 on clothing in January 2017.
The study found that shoppers spent a total of $8,732 at department store stores.
The study also found that people spent a greater percentage of their purchases on clothing than at retailers with larger inventory levels.
This was true even though the average shopping trip to a department store in January was $5.51, compared to $3.26 at the end of the year.
Lendingtree compared shoppers’ purchases in January to the end, which showed a $1 increase in spending.
“Consumers spend money to look trendy and attractive, and we think that’s why many of them go to stores like Target and Walmart,” LendingTrack co-founder and CEO Jonathan Blanchard said in a statement.
“We think it’s worth looking at the impact of store location on purchases, especially as consumers are becoming increasingly mobile.”
In the past, people have tended to shop online, as they have been more likely to buy at discount stores.
However, this is changing.
Lenders are becoming more savvy in their approach to retailing, and this could lead to the rise of online shopping, Lendingtrack said.
The study was conducted by Lending Tree and The Leadership Institute, a research group founded by former Wall Street Journal reporter Jason Furman.
The firm was able to compare shopper habits in 2017, before the advent of online retailing and online shopping trends.
LenderTrac is the leading online marketplace for lending.
LendTrac data show that there were 5,819 stores in 2017 and $13.8 trillion in loans, a decrease from $15.3 trillion in 2016.
The Lending Track study found the average amount of loans for each department store was $9,099 in 2017.
In the next five years, Lenders will likely see a drop in the average cost of clothing.
The average loan amount will be lower in 2020, but Lenders may need to continue to increase interest rates to make up for that, the study found.
“A reduction in average spending will have the effect of increasing total debt for the economy,” Lenders report said.