Thousands of Store Closures Already in 2019

March 11th, 2019

Via: CNBC:

Gap, Victoria’s Secret, J.C. Penney, Tesla and Abercrombie & Fitch. What do these companies have in common? They’re all closing stores this year.

Already, 4,810 store closures have been announced by retailers in 2019, according to Coresight Research. And it’s only March. Last year, Coresight tracked 5,524 store closures, down more than 30 percent from a record 8,139 closures announced in 2017.

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One Response to “Thousands of Store Closures Already in 2019”

  1. Loveandlight says:
    March 12, 2019 at 3:52 am

    My understanding is that Sears has been “running on fumes” for a very long time now. It probably won’t be terribly long before every one of their stores pull up their stakes.

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