US retail records rise in daily essentials, non-essentials plummet


April 16, 2020 | By RetailME Bureau

In the US, essential retail segments recorded a rise in March 2020, while non-essential segments witnessed a sharp decline. According to the National Retail Federation (NRF), US retail’s road to recovery could be long and slow owing to the on-going COVID-19 pandemic.

Grocery and beverage stores were up 25.6% month-over-month. Health and personal care stores were up 4.3% month-over-month. General merchandise stores were up 6.4% month-over-month, while online and other non-store sales were up 3.1% month-over-month.

On the other hand, clothing stores saw the biggest decline among categories counted by both NRF and the US Census Bureau, with sales down 50.5% from February 2020, while furniture store sales were down 26.8% and sporting goods stores were down 23.3%. Electronics and appliance stores were down 15.1% month-over-month.

Also read: How soon we can get back to normal is the question: NRF

Overall, retail sales saw the biggest monthly drop on record during March as the coronavirus pandemic forced restaurants and many stores to temporarily close across the nation.

“COVID-19 has hit the retail industry unevenly. This is a market of haves and have-nots. The haves are the stores that remain open with lines out the doors to buy daily necessities while the have-nots are the stores that have closed and are taking the brunt of the impact of the pandemic. These numbers should come as no surprise given the mandated shutdown of our economy to slow the spread of the virus,” said Jack Kleinhenz, chief economist, NRF. “March was a month that started out with many stores still open, but far more are closed now. Don’t be surprised if the data going forward shows a worsening situation. Even if the economy begins to reopen in May, consumer behaviour may take a long time to adjust. The road to recovery could be long and slow.”

According to the US Census Bureau, overall retail sales during March 2020 were down 8.7% seasonally adjusted from February and down 6.2% unadjusted year-over-year. The monthly drop is the largest ever recorded, exceeding a 4.3% decline in November 2008 during the Great Recession.

 

For all the latest retail news from Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /


Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau
Koita

Homegrown, organic and plant milk company, Koita has announced its expansion into 

Continue Reading

December 9, 2020 | By RetailME Bureau
Middle East's vegan revolution

Today’s on-demand streaming services are ripe with docu-series and explainer videos on 

Continue Reading

December 3, 2020 | By Shruthi Nair

International food retailer, SPAR has today announced a global partnership to tackle food waste with the 

Continue Reading

December 3, 2020 | By RetailME Bureau

UAE-based concept grocery retail chain, Grandiose has opened a new supermarket within 

Continue Reading

November 22, 2020 | By RetailME Bureau

US-based fast food chain, Nathan’s famous Inc. brings another New York classic, 

Continue Reading

November 12, 2020 | By RetailME Bureau

Dubai-based Union Coop, the leading Consumer Cooperative in the UAE, opened its 

Continue Reading

November 11, 2020 | By RetailME Bureau

UAE homegrown marketplace, Noon.com has announced its Yellow Friday sale from November 

Continue Reading

November 5, 2020 | By RetailME Bureau

UAE-based Al Maya Group officially launched an exclusive range of Woolworths products 

Continue Reading

October 30, 2020 | By RetailME Bureau




Download Images RetailME Magazine