Friday, January 24, 2020

Store closings pile up: With 1,200 closures already announced, retailers face another grim year

USA Today
The start of a new decade isn't offering much hope for beleaguered retailers.

Traditional chains are looking increasingly frail less than a month into 2020, with vacancies piling up and few near-term prospects for a turnaround.

National chains Macy's, J.C. Penney, Papyrus, Express and Pier 1 Imports, as well as other retailers, have collectively announced 1,218 store closures this year, according to global marketing research firm Coresight Research. . . . more