As expected, retail sales drop.

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