US retail sales to a record-setting nosedive in March due to the coronavirus pandemic - Business Insider

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March's US retail sales plunge represents the largest month-to-month decline in US retail sales since the government began tracking the data in 1992

, and continue to operate overall. This means the pandemic could lead to a surge in bankruptcies and permanent closures in these categories over time, potentially thinning out retail's competitive landscape in the future.

Meanwhile, e-tailers, grocery stores, and big-box retailers posted positive sales growth during the month. Nonstore retailers, which include e-commerce, food and beverage stores, and general merchandise stores, all saw their annual sales growth accelerate in March compared with the previous month.

US retail likely didn't feel the full impact of the coronavirus pandemic in March, so its blow to the industry will likely be even stronger in April and subsequent months. US states didn't start

 

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It's going to continue going down because people are going to shop on line more than before the pandemic

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