Millennials are growing up and settling down, shifting their spending from clothing to home goods.

Millennials are growing up and settling down, shifting their spending from clothing to home goods. Online shopping has boomed as the digital generation has come into greater spending power, while traditional retailers have been left in the retail wasteland. However, an economist expects that while clothing retailers will continue to struggle in the coming years, home goods stores like Williams Sonoma will surge. Some other industries where “the wallet share is going:” restaurants, sporting goods, books, and hobby items. (MarketWatch)