#5 & #8 will SHOCK you. Many retailers are closing a large number of stores for good. The prolonged and unexpected closures of stores in response to the pandemic has had severe consequences on many businesses across America.
According to the Coresight store tracker report, over 4000 store closures have happened so far in 2020.
There’s something so sad about seeing an empty storefront where there used to be a thriving business. It’s not just the loss of the opportunity to buy things you liked, but it’s the loss of jobs and opportunity that goes along with the closure of a business.
These big retailers are struggling with dramatic drops in sales traffic and have now been put in danger of closing.
This list includes stores closing down more than 100 locations, there are many other stores closing fewer than 100 stores in 2020.
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