The clean-out of longstanding apparel brands from New York City’s Fifth Avenue shows that there’s really no landscape that’s immune from store closures.
As retailers of all stripes move to stoke digital sales and abandon low-performing stores, the country is watching lesser malls empty out at a fairly rapid pace. Year to date, U.S. retailers have announced 5,399 store closures and 2,396 store openings, compared to 5,726 closures and 3,243 openings for all of 2018, according to the latest Coresight Research store tracker report.
