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March Retail Plunge Seen Turning Disastrous in April


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.

via newsmax


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