"The Commerce Department’s report Friday, May 15th on retail purchases showed a sector that has collapsed so quickly that sales over the past 12 months are down a crippling 21.6%."
On Friday, Iowa Governor Kim Reynolds allowed all 99 counties in the state to reopen their stores, restaurants and shopping malls. Investment Advisor Mark Grywacheski says each person has to decide what's safe for them and their family, but he thinks a lot of Illinois residents are going to head across the river to shop in Iowa over the next two weeks.
"That's going to add further strain to those retailers in the Illinois Quad Cities, as well as those retailers in the surrounding communities," Grywacheski said Monday, May 18th.
Your Money with Mark airs every Monday morning, between 5 and 5:30 a.m. during Good Morning Quad Cities.