Thursday, February 14, 2019

'No light at the end of the tunnel' for store closures

Retail Dive
Last year, retailers collectively announced 5,524 U.S. store closures, down 32% from the prior year when they peaked at 8,139, according to a new report by Coresight Research, which was emailed to Retail Dive.

So far in 2019, store closure announcements are up 23%, hitting 2,187, versus this time last year and more are on their way as a result of several major bankruptcies and others on their way. The firm anticipates store closures this year to look a lot like the store closures in 2017 and 2018.. . . more