After a record number of retail stores were shuttered in 2019, the question for many entering the new year is whether even more will close this year?
More than 9,300 stores turned off their lights last year, according to Coresight Research, and three weeks into 2020, chains including Bed Bath & Beyond, Chico’s, GameStop, Gap, J.C. Penney, Lucky’s Market, Macy’s, Papyrus, Pier 1 Imports and others have announced plans to shutter locations. Cushman & Wakefield has estimated that as many as 12,000 stores may close this year.
