Wednesday, April 17, 2019

Stores are closing

Coresight Research, a consultant to retail stores and technology companies, reports that 5,994 store closings have been announced thus far the US this year. For the full year of 2018, 5,864 stores closed. Some close select stores trying to stay profitable, others are going out of business.

On the other side of the street, there have been 2,641 store openings announced so far this year compared with 3,239 openings in all of 2018.

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