The Retail Apocalypse Is Not As Bad As It Seems
It’s only mid-March, and U.S. retailers have already announced close to 5,000 store closures since the beginning of the year. That compares to 5,524 during all of 2018, according to Coresight Research. This data point may make it seem like the retail apocalypse has taken a dramatic turn for the worse in 2019. That said, store closure announcements tend to be clustered near the beginning of the year, as retailers assess their position following the busy holiday shopping season. Moreover, the total number of store closures is not necessarily the best metric for tracking the impact of the retail apocalypse on malls and shopping centers across the country. In fact, the pace of store closures in 2019 is very manageable compared to the demand for new space. Read more at The Motley Fool.
