Record decline in retail sales

Retail sales declined by a record 8.7% in March due to the widespread mandatory closures of businesses as a result of COVID-19. KPMG Senior Economist Ken Kim breaks down the data and discusses the timing of when retail sales activity might improve.


To speak with Ken Kim contact Matt Weiss at mweiss@kpmg.com.

Media contact

Matt Weiss

Matt Weiss

Industrial Manufacturing Corporate Communications Lead, KPMG US

+1 201-307-8138

 

 

Kenneth Kim

Kenneth Kim

Senior Economist, KPMG US

+1 212-954-6144

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