March Retail Sales Plummeted to ‘Biggest Monthly Drop’ Ever, Says NRF
COVID-19 sent March retail sales at electronics and appliance stores plunging 15.1% from February and 16.2% from March 2019, reported the National Retail Federation Wednesday. It was part of a March report in which retail sales plummeted to their “biggest…
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monthly drop on record,” said NRF. March “started out with many stores still open, but far more are closed now,” it said. Best Buy sales plunged 30% in the period since March 21 when it announced it was restricting in-person sales to curbside pickup (see 2004150036).