The reopening of stores and restaurants is helping the US retail and food industry approach pre-pandemic sales levels
their highest seven-day averages of new coronavirus cases in June, so it's possible some businesses will be forced to close again, or consumers may stop visiting stores, causing retail sales to
plunge yet again.Join other Insider Intelligence clients who receive this Briefing, along with other Payments & Commerce forecasts, briefings, charts, and research reports to their inboxes each day. >>
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US retail sales up a record 17.7% in a partial rebound \nBREAKING: US retail sales jumped 17.7% in May, partially recovering after plunging in March and April when the economy froze up. The pandemic’s damage to retail sales remains severe, with purchases still down 6.1% from a year ago.
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Dow opens with 800-point gain as U.S. retail sales surge stirs hope of rapid recoveryU.S. stocks opened sharply higher on Tuesday after a surge in retail sales in May suggested consumers, the engine of the U.S. economy, were gaining steam again.
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US retail sales up a record 17.7% in a partial reboundU.S. retail sales jumped by a record 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down businesses, flattened the economy and paralyzed consumers during the previous two months. The government’s report Tuesday showed that retail sales have retraced some of
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US retail sales jump record 17.7% in May, double estimates - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Stocks Soar After Strong Retail Sales And Reported Trump Infrastructure PlanThe Dow Jones Industrial Average surges after reports that retail sales rebounded strongly in May and that the Trump administration is preparing an infrastructure plan to boost the economy.
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U.S. May retail sales surge 17.7% in the biggest monthly jump everU.S. retail sales were expected to rise 8.0% in May, after plunging 16.4% the prior month as retailers went into lockdown amid the coronavirus crisis.
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