Global Economy - Markets - Finance

As Many as 25,000 U.S. Stores May Close in 2020, Mostly in Malls

OIF.beMcADA2V3eKr4hv8IWVawAs many as 25,000 U.S. stores could close permanently this year after the coronavirus pandemic devastated an industry where many mall-based retailers were already struggling. The number would shatter the record set in 2019, when more than 9,800 stores closed their doors for good, according to a report from retail and tech data firm Coresight Research. Most of the closures are expected to occur in malls, with department stores and clothing shops predicted to be among the hardest hit…..Read More