Home Top News and Stories Business News Headlines Pandemic deals mightier blow to retail than Great Recession: First-quarter operating income down 58%

Pandemic deals mightier blow to retail than Great Recession: First-quarter operating income down 58%

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Pandemic deals mightier blow to retail than Great Recession: First-quarter operating income down 58%

The retail sector’s first-quarter operating income fell 57.7% compared to last year, marking the worst quarter on record.