US Retail Sales Plunge By Record 8.7% In March Amid Shutdown

Associated Press
April 15, 2020 - 8:43 am
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    WASHINGTON (AP) — U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home.

    Sales fell sharply across many categories: Auto sales dropped 25.6%, while clothing store sales collapsed, sliding 50.5%.

    U.S. consumer confidence has plunged and the vast majority of Americans are hunkered down at home under shelter in place orders.

    Grocery store sales, however, jumped by nearly 26% as Americans stocked up on food and consumer goods to ride out the pandemic. A category that includes mostly online sales rose 3.1%.

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