US retail sales plunged 16 per cent in April as virus froze economy

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US retail sales tumbled 16.4 per cent from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
The Commerce Department's report Friday on retail purchases showed a sector that has collapsed so quickly that sales over the past 12 months are down a crippling 21.6%.
The sharpest drops from March to April were at clothiers, electronics stores, furniture stores and restaurants. A long-standing migration of consumers toward online purchases is accelerating, with that segment posting a 8.4 per cent monthly gain. Measured year over year, online sales surged 21.6 per cent
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First Published: May 15 2020 | 6:14 PM IST