Note : The Section 2 change has an effective date of July 1, 2020. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. The April 2020 Monthly Retail Trade and Food Services report was released on June 16, 2020 at 8:30 a.m. for sales and 10:00 a.m. for inventories, and available as: Retail and Food Services Sales: Excel (1992-present) [738KB] Retail Inventories and Inventories/Sales Ratios: Excel (1992-present) [456KB] "In general consumer spending is going to look about as bad as it has ever been, although there will be some categories of resilience," Tim Quinlan, a senior economist at Wells Fargo Securities in Charlotte, North Carolina. 14 Simon, the largest U.S. mall operator, closed over 200 shopping centers. "The economy is almost in free fall," said Sung Won Sohn, a business economics professor at Loyola Marymount University in Los Angeles. The March 2020 to April 2020 percent change was revised from down 16.4 percent (± 0.5 percent) to down 14.7 percent (± 0.2 percent).
"Many retailers, including Most stock quote data provided by BATS.
"Stricter lockdown measures, unprecedented layoffs and plummeting confidence have compounded into an extraordinary and multifaceted shock to consumer spending," economists at Oxford Economics said in a research report Wednesday.The coronavirus crisis will widen the gap between big box chains like "Traditional department stores, apparel retailers, and mom and pop shops of all types are struggling to survive, and bankruptcies will spike despite the federal assistance programs," said Kerstin Braun, president of Stenn Group, an international trade finance organization. Chat with us in Facebook Messenger. Here's what you need to knowKohl's needs to reinvent itself. All times are ET. Section 2: Reduces Retail Sales Food For Home Consumption from three and one-half percent (3.5%) to three percent (3.0%). "We will see the bottom when the coronavirus infection rates stabilize. All rights reserved. And sales at non-store retailers, a category that would include e-commerce sites like But sales at clothing and accessories stores, meanwhile, plunged 50.5% in March. U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods, setting up consumer spending for its worst decline in decades.The Commerce Department on Wednesday said retail sales plunged 8.7% in March, the biggest decline since the government started tracking the series in 1992, after falling by a revised 0.4% in February.According to a Reuters survey of economists, retail sales were forecast to have fallen 8.0% last month.The report came as millions of Americans are thrown out of work, and strengthen economists' conviction that the economy is in deep recession. Retail sales plunge a record 16.4% in April, far worse than predicted Published Fri, May 15 2020 8:30 AM EDT Updated Fri, May 15 2020 9:47 AM EDT Jeff Cox @jeff.cox.7528 @JeffCoxCNBCcom