Tuesday, May 19, 2020

Retail sales in the US could fall more than 6% in 2020

There are still so many unknowns regarding the coronavirus pandemic and how it will continue to throttle the retail industry.

But U.S. retail sales could be down at least 6.5% in 2020, according to new estimates from market research company Euromonitor. For comparison, retail sales were down just 2.2% in 2009, the year the Great Recession finally came to a halt, according to the firm. And sales were up 3.3% year over year in 2019, it said. . . . more