Business • Economy
2020-05-15T13:06:32+00:00

U.S. retail sales fall 16.4% in April

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.

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