US retail sales likely recovered partly from record plunge

US & World

FILE – In this May 7, 2020 file photo a woman sitting on a stoop reading a book in the sun is seen reflected by a closed clothing store’s window on West Broadway in the SoHo neighborhood of the Manhattan borough in New York. U.S. retail sales likely recovered somewhat in May as the economy increasingly reopened from closures caused by the coronavirus and more shoppers felt confident enough to spend. The Commerce Department is expected to report Tuesday, June 16, 2020 that retail purchases climbed 9% from April to May, according to economists surveyed by the data provider FactSet. (AP Photo/Mary Altaffer, file)

BALTIMORE (AP) — U.S. retail sales likely recovered somewhat last month as the economy increasingly reopened from shutdowns caused by the coronavirus and more shoppers felt confident enough to spend.

The Commerce Department is expected to report Tuesday that retail purchases climbed 9% from April to May, according to economists surveyed by the data provider FactSet. This would mark a partial comeback after a 16.4% month-to-month plunge in April, the worst such drop on records going back to 1992, and an 8.3% drop in March.

Still, the recession caused by the pandemic continues to depress overall retail spending. It has also hastened a reshaping of how and where Americans shop. Consumers have increasingly shifted away from physical stores and toward online shopping, and fewer malls and small retailers will likely survive.

Though some major chains like Macy’s and American Eagle have already reported solid bounce-backs in sales, many local retailers and restaurants are struggling.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Download the FREE WOWK 13 News App

Don't Miss

Trending Stories