Pretty Catastrophic Month for Retailers, and Now a Race to Survive – The New York Times

Retail sales plunged in March, offering a grim snapshot of the coronavirus outbreak s effect on consumer spending, as businesses shuttered from coast to coast and wary shoppers restricted their spending.

Total sales, which include retail purchases in stores and online as well as money spent at bars and restaurants, fell 8.7 percent from the previous month, the Commerce Department said Wednesday. The decline was by far the largest in the nearly three decades the government has tracked the data.

via www.nytimes.com