In-Depth: Pandemic closures push San Diego s retail vacancies to 7-year high
Retail businesses continued to fall victim to the pandemic in the first three months of 2021, pushing San Diegoâs retail vacancy rate to a seven-year high.
and last updated 2021-05-13 20:57:53-04
SAN DIEGO (KGTV) Retail businesses continued to fall victim to the pandemic in the first three months of 2021, pushing San Diegoâs retail vacancy rate to a seven-year high.
San Diegoâs retail vacancy rate rose to 6.3 percent in the first quarter, according to commercial real estate firm CBRE, which tracks 670 retail properties throughout the county.
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Consumer Spending Flattened Last Month After Surging in March
Retail sales held steady in April after rising 10.7 percent the previous month, as Americans continued to spend government stimulus payments.
Shoppers in New York this week. Retail sales were flat in April from the prior month.Credit.Joshua Bright for The New York Times
May 14, 2021Updated 10:13 a.m. ET
Retail sales were flat last month after a buoyant March, the Commerce Department said on Friday, as Americans continued spending their latest round of government stimulus checks.
The pace for April was a slowdown from the prior month, when retail sales rose by 10.7 percent, as vaccinations increased and people became more comfortable outside their homes, spending more money on clothing, restaurants, bars and sporting goods. Retail sales, which experienced record drops just over a year ago at the onset of the pandemic, have been closely watched as monthly gauges of the health of the economy and the mind-set of consumers