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US Retailers Shutting Down at Faster Rate This Year Than in 2018

2019-07-16 12 Dailymotion

US Retailers Shutting Down at Faster Rate This Year Than in 2018 New figures from data company <br />Coresight Research say just over <br />7,000 stores have shut down in 2019. In all of last year, 3,258 U.S. retail stores opened up with 5,864 closing down. The new numbers from Coresight <br />are particularly striking as it is <br />only mid-July in 2019. Some of the big retail chains that downsized this year <br />include Payless ShoeSource. This past February, the company announced that 2,600 locations <br />would shut down. In addition, just under 750 stores <br />have been closed by clothing <br />retailer Gymboree. 661 spots have also been <br />closed this year by women's <br />clothing chain Dressbarn. Gymboree has declared bankruptcy while Dressbarn is closing up shop for good.

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