Retail sales have dropped nearly twice as much in April than they did in March. Below shows the impact this crisis has had thus far on industries.
• Building material and garden equipment: -3.4% • Grocery stores: -13.2% • Pharmacies and other health/personal care stores: -15.2% • Big-box (general merchandise) stores: -20.8% • Department stores: -28.9% • Sporting goods, music and other hobby stores: -38% • Furniture/home furnishings stores: -58.7% • Electronics and appliance stores: -60.6%
• Clothing and clothing accessory stores: -78.8%
With the lack of income some businesses have stopped paying rent all together. Below is the list of national stores that had paid no rent at all by May 8th:
Gyms:
24 Hour Fitness
Entertainment:
AMC Theaters
Harkins Theatres
Cinepolis
Dave & Busters
Regal Cinemas
Clothing Retail:
Ann Taylor/Loft
Carters
Claire’s Boutiques
Famous Footwear
Five Below
Foot Locker
H&M
Men’s Wearhouse
Old Navy
Party City
The Gap
Tillys
Home Goods and Furnishings:
Bed Bath & Beyond
Kirkland’s Home
Stein Mart
Party City
Residential Real Estate:
Century 21
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