US retail sales plunge 16.4% in April amid COVID-19 closures

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WASHINGTON: US retail sales plunged by 16.4 per cent in April as the coronavirus pandemic forced businesses shut across the world's largest ...

WASHINGTON: US retail sales plunged by 16.4 per cent in April as the coronavirus pandemic forced businesses shut across the world's largest economy, the Commerce Department said on Friday .

The drop was much worse than expected and saw massive contractions in an array of retailers, including clothing, furniture, electronics and appliances and food and drinking places, all of which posted double-digit declines.

 

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