June Retail Sales Rose 14.3% Year Over Year: The Investor Takeaway

Source:Million Acres — 

The coronavirus pandemic hammered retailers and drove many well-known names into bankruptcy. But even those that didn’t go to that extreme still suffered revenue losses when the outbreak was at its worst and consumers were largely staying out of stores.

A sluggish economy didn’t help retailers, either. In April 2020, the U.S. jobless rate reached a record high and stayed elevated for the remainder of the year.