Thursday, December 19, 2019

More than 9,300 stores closed in 2019

CNN Business
2019 was another bruising year for many American retailers, despite healthy consumers and a strong economy.

This year, US retailers announced 9,302 store closings, a 59% jump from 2018 and the highest number since Coresight Research began tracking the data in 2012. Bankruptcies in the retail sector intensified this year and many struggling chains cut stores. That led to a spike in closings. . . . more