Retail is on the rebound, but small businesses are at risk, National Retail Federation CEO says
, have had strong sales — and they were among the essential retailers that didn't have to shut their doors during the pandemic."The big question will be what happens to those small, independent, those mid-sized companies," he said.
"Can we get the rest of the economy moving quickly enough that we can bring the small businesses along?"in April, according to a government report. The steepest drop was at clothing stores, which declined by 78.8%. Other hard-hit categories were electronics and appliances, which fell by 60.6%, furniture and home furnishing, which dropped by 58.7%, and sporting goods, which declined by 38%.
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