2020-05-15T13:06:32+00:00

U.S. retail sales fall 16.4% in April

Oculus World Trade Center Mall pre-Covid-19 Credit: unsplash.com/Krisztina Papp

According to the U.S. Commerce Department, retail sales fell by 16.4 percent in April. Retail sales dropped 8.3 percent in March but didn't show such a significantly drastic drop due to panic buying. The economic crisis has already shown a dramatic impact on the retail sector, with big retailers like Neiman Marcus and J.Crew filing for bankruptcy protection.

Sources: Content Sources

Source: The New York Times

Image Source

unsplash.com/Krisztina Papp

Pentributor:

Ashley Winkler

@ash

Highly edible human, designer of all things digital, co-founder of Pendect, creative native, constant wa/onderer, morse code lady, full-time dog pillow.

Card reviewed by: @christoph

Categorization: Locations & Places

United States

Organizations & Institutions

Cookies🍪

Our website uses scripts, such as cookies, to technically provide the site ("essential scripts") and third-party website tracking technologies to provide and continually improve our services and display advertisements based on the perceived interests of users. By clicking the "Accept All" button, the website visitor agrees to the activation of all scripts. Essential cookies are also executed without the consent. The consent can be revoked or changed at any time with effect for the future. By clicking the "Reject" button, only essential cookies are used. In our data protection policy, we provide detailed information about the type and scope of data processing.

Accept All Reject