Retail Sales plummet April 2020

Sales at U.S. retailers sank a record 16.4% in April (economists polled by MarketWatch expected a 12.5% plunge) after the coronavirus pandemic shuttered much of the economy, cost millions of jobs and spawned an unprecedented slump in consumer spending. Retail sales tumbled in every category except online shopping, the government said Friday. Sales also sank by a revised 8.3% in March, easily marking the worst back-to-back declines in modern American […]