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.

Chris Hill and Jason Moser own shares of Matthew Argersinger has the following options on long Jan. 2014 $200 calls, short Jan. 2014 $200 puts, and short Jan. 2014 $300 calls. The Motley Fool recommends and owns shares of Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.