Real Sales Figures Cut Hopes Of A US Retail Rebound Off At The Knees
Real Sales Figures Cut Hopes Of A US Retail Rebound Off At The Knees

The novel coronavirus COVID-19 virtually destroyed US retail activity this spring, as Americans simultaneously turned to online shopping and lost their jobs.

The easing of lockdown restrictions and strong April sales figures are fueling hopes of a rebound, as cooped-up shoppers flock to brick and mortar stores.

However, Business Insider reports that optimism may be a bit too sunny.

Unfortunately, the data suggests that for many retailers, the road to recovery will be a long one.