Anonymous ID: 379c18 April 16, 2020, 8:34 a.m. No.8812380   🗄️.is 🔗kun

Here’s Where Retail Sales Spiked and Collapsed in 11 Mind-Blowing Charts of Lockdown Land

by Wolf Richter • Apr 15, 2020

 

Second half of March was the end of retail for many. But some had spiking sales. Brick & mortar department stores will never recover; they were toast before the lockdowns.

 

Retail sales in March were a doozie. As I pointed out with data on daily sales of new and used vehicles, early March was strong, as consumers were trying to front-run store closures. But then around March 12 sales began to collapse. But not at all stores: Some types of stores such as grocery stores, beverage stores, and general merchandise stores had a booming business. And ecommerce sales exploded. And we’ll go through by category.

 

The stunningly good, the bad, and the incredibly ugly all averaged out: Total retail sales including at food services and drinking places fell 8.7% in March, from February, and 6.1% from a year ago, to $483 billion seasonally adjusted, the Census Bureau reported today. It was the lowest total since August 2017:…..

 

https://wolfstreet.com/2020/04/15/brick-mortar-retailers-where-sales-spiked-or-collapsed-in-march-a-view-of-lockdown-land/