U.S. Retail Sales Hit All-Time Low, Far Worse Than Projected
U.S. Retail Sales Hit All-Time Low, Far Worse Than Projected

The coronavirus lockdowns have severely impacted the retail industry.

U.S. retail sales plunged 16.4 percent in April, making it the worst back-to-back declines in modern day history.

Sales fell in every category except online shopping, which saw an 8 percent jump.