US retail sales plunged 8.7% in March, deepest drop on record [MSN Money]
Amazon.com, Inc. (AMZN)
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Source: MSN Money
© Victor J. Blue/Getty ImagAmericans ar't buying much beyond food right now, and that's devastating huge swaths of the retail industry.Load ErrorUS retail sal slumped 8.7% in March, their worst monthly decline on record in the data available from theCsus BureauExcluding autos and gas, retail sal fell by .%.While retail trade fell overall, one category stood out: grocery store sal surged 6.7% in March. And sal at non-store retailers, a category that would include e-commerce sit like Amazon, increased .%.But sal at clothing and accsori stor, meanwhile, plunged 50.5% in March. Sal at furniture and home furnishing stor declined 6.8%, sal at sporting goods stor fell .% and electronics and appliance sal declined 5.%.Except for grocery stor and other "stial" retailers, compani have shuttered stor and furloughed or laid off workers. Consumers have also pulled back their spding on discretionary items. That combination led to the steep drop in retail sal."Stricter lockdown measur, unprecedted l
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AMZN
Earnings
- 10/30/25 - Beat
AMZN
Sec Filings
- 12/3/25 - Form 4
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- AMZN's page on the SEC website