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U.S. Retail Sales Hit All-Time Low, Far Worse Than Projected
Video Credit: Cheddar Inc.
Published on May 15, 2020 - Duration: 00:16s
U.S. Retail Sales Hit All-Time Low, Far Worse Than Projected
The coronavirus lockdowns have severely impacted the retail industry.
U.S. retail sales plunged 16.4 percent in April, making it the worst back-to-back declines in modern day history.
Sales fell in every category except online shopping, which saw an 8 percent jump.