Retailers Suffer Hard Fall

TUCSON, ARIZONA, USA – Retailers have suffered a hard fall during the Covid-19 pandemic, with loss of sales close to 90% in some categories.

According to the National Retail Federation (NRF), March was hard because stores closed.

But April was even worse since through the month they remained closed to the public. In May, there is also loss but the reopening of businesses will help.

Most business categories, except for online stores, declined monthly in April, including grocery stores and others that had seen an increase in March as consumers stocked up.

Clothing and accessories stores fell 89.3% compared to the previous year and 78.8% from March to April.

Compared with the same period last year, from March to April, department stores fell by 20.8%, and sporting goods stores fell by 48.7%

Household appliances fell by 64.8% from one year to the next, and by 60.6% from March to April. And health and personal care stores fell by 10.8% from one year to the next.

Furniture and household items fell by 66.3% year-over-year and by 58.7% from March to April.

After more than 100 years of history, the JCPenney store filed for bankruptcy.

They state that a restructuring support agreement has also been signed with loan entities, which they hope will reduce several billions of dollars of debt, provide greater financial flexibility to help navigate through the Coronavirus pandemic. (COVID-19), said in a statement.