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Shoppers across the country are retreating again as coronavirus cases surge
CNBC
PUBLISHED MON, JUL 6 2020
3:07 PM EDT
Over the past two weeks, retail traffic declines have accelerated once again, as Covid-19 cases surge nationwide with hot spots in states including Florida and Texas.
Just as shoppers were beginning to inch back to stores, with local economies reopening and malls turning their lights back on, retail traffic declines are accelerating yet again, according to a report.
Retail traffic in the U.S. was down the most so far in 2020, on a year-over-year basis, during the week ended April 18, according to data from the retail consultancy ShopperTrak. It fell 82.6%.
From then, up until the past 14 days, there were slight improvements. Those declines shrank each week, according to ShopperTrak, which is part of part of Sensormatic Solutions. The decline had eased to being down just 34% from the year prior, for the week ended June 20.
But over the past two weeks, retail traffic declines have accelerated once more, as Covid-19 cases surge nationwide with hot spots in states including Florida and Texas. Customers are retreating for a second time. Apple has made one of the boldest moves, so far, closing dozens of stores in malls for a second time.
The week ended June 27, traffic in the U.S. was down 35.7%, according to ShopperTrak. Last week, it was down 39.5% compared with the prior year.
Retail traffic in the U.S. was down the most so far in 2020, on a year-over-year basis, during the week ended April 18, according to data from the retail consultancy ShopperTrak. It fell 82.6%.
From then, up until the past 14 days, there were slight improvements. Those declines shrank each week, according to ShopperTrak, which is part of part of Sensormatic Solutions. The decline had eased to being down just 34% from the year prior, for the week ended June 20.
But over the past two weeks, retail traffic declines have accelerated once more, as Covid-19 cases surge nationwide with hot spots in states including Florida and Texas. Customers are retreating for a second time. Apple has made one of the boldest moves, so far, closing dozens of stores in malls for a second time.
The week ended June 27, traffic in the U.S. was down 35.7%, according to ShopperTrak. Last week, it was down 39.5% compared with the prior year.
Read more: https://www.cnbc.com/amp/2020/07/06/shoppers-across-the-country-are-retreating-again-as-coronavirus-cases-surge.html
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