The following video is from Wednesday's MarketFoolery podcast, in which host Chris Hill and analysts Matt Argersinger and Jason Moser discuss the top business and investing stories of the day.

Consumer spending accounts for roughly 70% of economic activity in the U.S. That's why February's higher-than-expected retail sales (up 1.1%) is being hailed as good news.

In this segment, our analysts delve into the retail industry in general and share why online spending is benefiting not only Amazon (NASDAQ:AMZN) but also traditional retail companies such as Nordstrom (NYSE:JWN) and Dick's Sporting Goods (NYSE:DKS).

The relevant video segment can be found between 0:33 and 5:00.

For the full video of today's MarketFoolery, click here.