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U.S. retail sales plunge record 16 percent in April due to coronavirus

U.S. retail sales plunge record 16 percent in April due to
coronavirus 1

Cody Pipper, a sales associate for a 16-store chain called Litehouse Pools and Spas, says he’s noticed that more people are now spending in ways that serve their at-home lifestyles. Pipper, 24, of Elyria, Ohio, said he himself spent $2,500 for a Peloton exercise bike for his wife, a medical assistant who recently returned to work. He said they expect to spend less on dining out and shopping at the mall.

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