Brick and Mortar Store Closures Expected to Hit 12,000 This Holiday Season

By Matthew Carr We’re diving headlong into the holiday season.
And that means one thing…
Shopping.
While Amazon (Nasdaq: AMZN) shows no signs of backing down from its e-commerce throne, retailers on the ground are telling a different story.
In 2017, the “retail apocalypse” began.
Brick-and-mortars struggled. Vacancies soared. And malls crumbled into decaying temples of days past.
That same year, U.S. retailers closed nearly 8,200 stores – the most closures in a year on record.
It exceeded the peak annual store closure count during the 2008 financial crisis by more than 30%.
But don’t believe for a minute that the retail apocalypse is over. Store closures are about to …read more

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