With half the year yet to complete, retailers have already shuttered a surprising number of stores in 2019. As of late March, U.S. retailers had announced 5,399 store closures and 2,396 store openings, compared to 5,726 closures and 3,243 openings for all of 2018, according to a report from Coresight Research. The company's most recent report records 6,196 store closures in the U.S. and 2,724 openings.
While the potential impact of tariffs has centered on retailers' struggles to amass their holiday inventory and how much they are willing or able to pass off the added cost to consumers, the impact on physical stores is getting missed, according to the UBS analyst team, who titled their report "The Tariff Risk the Market Isn't Thinking Enough About." . . . more