Friday, January 3, 2020

More than 9,300 stores closed this year, up 63 percent from 2018

NBC News
A record number of retail stores closed this year, capping off a decade of dramatic changes to consumer preferences as a result of online shopping that roiled the industry.

Retailers announced more than 9,300 store closures this year, a 63 percent increase from 2018, when more than 5,700 stores closed, according to Coresight Research, a global advisory and research firm specializing in retail and technology. The last record year came in 2017, when more than 8,000 stores shuttered. . . . more