US Retail Slump to Continue in 2019 With Thousands of Store Closings
US Retail Slump to Continue in 2019 With Thousands of Store Closings Due to the rise of online shopping,
the retail industry is looking at
another rough year. As of Mid-March, 5,300 stores
say they will cease operations. Nearly half of the 2019 closings are Payless, which filed for bankruptcy
last month. Charlotte Russe will also close approximately 520 stores. Just like Payless, the
clothing retail chain filed for bankruptcy in February
this year. In addition, Gymboree will
close 805 locations in 2019. The child apparel store
filed for bankruptcy back in 2017. Last year, a record 155 million feet of
retail business space closed their doors.
the retail industry is looking at
another rough year. As of Mid-March, 5,300 stores
say they will cease operations. Nearly half of the 2019 closings are Payless, which filed for bankruptcy
last month. Charlotte Russe will also close approximately 520 stores. Just like Payless, the
clothing retail chain filed for bankruptcy in February
this year. In addition, Gymboree will
close 805 locations in 2019. The child apparel store
filed for bankruptcy back in 2017. Last year, a record 155 million feet of
retail business space closed their doors.