- More store closings have been announced already this year than in all of 2018, according to new research.
- A report from Coresight Research found the retail apocalypse to be continuing, with 5,994 store closings announced in the US this year compared with 5,864 in all of 2018.
- Some retailers including Fred’s and Family Dollar are closing select stores in a bid to stay profitable, while chains like Payless have announced they are shuttering all of their stores.
- One report predicted that 75,000 stores would close across North America by 2026 as reliance on e-commerce rises.
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The retail apocalypse is raging on with almost 6,000 store closings announced so far in 2019 — more than the entirety of last year.
According to a new report from Coresight Research, US retailers have announced 5,994 store closings this year, compared with 5,864 store closings in all of 2018.
The recent announcement by…