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

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

Related content

Other articles that might interest you