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March’s 8.7% Drop in US Retail Sales Marks Biggest Decline in Decades

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

All the panic-buying and pandemic prepping in the world couldn’t keep March’s retail sales numbers afloat. U.S. retail sales plunged 8.7 percent in March, compared with a revised decline of just 0.4 percent in February, the U.S. Department of Commerce said Wednesday, marking the worst drop since the government began tracking retail sales in 1992. Seasonally…

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