global economy

U.S. retailers’ revenue is likely to plummet by $38 billion in 2020

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The following is the U.S. retailers’ revenue is likely to plummet by $38 billion in 2020 recommended by recordtrend.com. And this article belongs to the classification: global economy .

For retailers, this year will be an unforgettable memory, and it may not be over yet.

According to the data compiled by Bloomberg, the top 10 listed clothing retailers or department stores in the United States may lose a total of $38 billion in revenue in 2020, equivalent to 23% of their total sales in 2019.

Sales at clothing stores were down 28.5% in November from a year earlier, the largest decline of any retail sector, including restaurants, according to the commerce department.

US Congressional Budget Office: US debt will nearly double GDP in 2050 Forbes: fortune of global Billionaires will increase by US $1.9 trillion in 2020 quick FactSet: global stock market value will exceed US $100 trillion for the first time Super global GDP 20% economic think tank: US economic recovery needs us $4.5 trillion stimulus Decline for 24 months in a row Korea customs office: exports of South Korea increased by 11.1% in the first 20 days of November 2020 OECD: global real GDP will decline by 4.2% in 2020 Federal Reserve: the richest 50 people in the United States sit on nearly $2 trillion of wealth Singapore Economic Development Agency: Singapore’s manufacturing output value increased by 13.7% year on year in August 2020. These 10 countries have the highest social mobility. Since the outbreak of the epidemic, household savings in the euro area have reached an unprecedented level. ILO: the virus is increasingly damaging the global employment market. IHS Markit: data show that the growth of business activities in the United States remained stable in September 2020. Credit cards in the post epidemic era: die out or outbreak?

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