How significantly did US retail sales decline in April?

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US Retail Sales Experienced a Record Decline in April

US retail sales saw a significant contraction in April, plummeting by 16.4 per cent. This downturn marked the largest single-month decrease on record, erasing years of previous growth and reverting the retail sales index to levels last seen in August 2012.
Clothing Retail Suffered a Severe Collapse

The clothing retail sector experienced a particularly sharp downturn, with sales collapsing by 78.8 per cent in April. This substantial drop highlights the severe impact of lockdowns and changing consumer behaviour on traditional brick-and-mortar clothing stores.
Electronics and Furniture Sectors Saw Steep Declines

Other sectors heavily reliant on in-person shopping also faced significant setbacks. Retail sales for electronics and appliances plunged by 60.6 per cent, while the furniture retail sector saw a decline of 58.7 per cent. These figures underscore the broad-based impact of the economic slowdown on consumer discretionary spending.
Online Retailers Showed Resilience

In contrast to the widespread declines, non-store retailers, which primarily operate online, demonstrated resilience. This segment experienced a growth of 8.4 per cent in April, indicating a shift in consumer purchasing patterns towards e-commerce channels during the lockdown period.

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How significantly did US retail sales decline in April?

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