Americans are still spending a fair amount on food and online deliveries, but the shutdowns of stores, malls and restaurants led to a record 8.7% sales drop in March.
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Retail Spending Just Fell Off A Cliff
Corrected: April 14, 2020 at 10:00 PM MDT
An earlier version of this story incorrectly said that Best Buy is temporarily furloughing 51,000 workers, including almost all part-time workers, and retaining 82% of its workforce. The furloughs apply to almost all part-time store workers and the company is retaining 82% of its hourly full-time store workforce.
