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Tags: march | retail | plunge | disastrous | april

March Retail Plunge Seen Turning Disastrous in April

March Retail Plunge Seen Turning Disastrous in April
Mike Suszycki | Dreamstime.com

Friday, 17 April 2020 04:42 PM

Mandatory store closures in the U.S. sparked a catastrophic drop in retail sales in March -- and this will worsen in April, according to Forrester Research Inc.

More than $150 billion in U.S. retail sales could disappear in April compared to the same month in 2019, Forrester said in a recent report.

That follows the nearly $100 billion that was lost in March. Meanwhile, e-commerce is gaining: While online sales were 19% of overall sales in March, Forrester estimates this will rise to 25% in April.

© Copyright 2022 Bloomberg News. All rights reserved.


Economy
Mandatory store closures in the U.S. sparked a catastrophic drop in retail sales in March -- and this will worsen in April, according to Forrester Research Inc.
march, retail, plunge, disastrous, april
86
2020-42-17
Friday, 17 April 2020 04:42 PM
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