More than 4,300 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
Signet Jewelers, JCPenney, Victoria's Secret, Tuesday Morning, Bath & Body Works, Nordstrom, Sears, Forever 21, and Walgreens are among the retailers that are planning to close stores this year.
Retailers are expected to close more than 4,300 stores this year, following record-high rates of closings last year.
More than 9,300 store closings were announced in the US in 2019, smashing the previous record of roughly 8,000 store closures in 2017, according to an analysis by Business Insider.
The number of store closings this year could be even higher than previous records, according to estimates from the real estate firm Cushman & Wakefield. The firm estimated last year prior to the coronavirus pandemic that as many as 12,000 major chain stores could close in 2020.
The pandemic is now putting even more stores in danger of closing, as retailers grapple with dramatic drops in sales in traffic.
Retail companies have so far confirmed at least 4,300 stores slated for closure in 2020, according to a Business Insider analysis.
Here's a list of the stores expected to close this year.
More with stores listed. Not clickbait.
https://www.businessinsider.com/stores-closing-in-2020-list-2020-1#jcpenney-162-stores-13
ProudMNDemocrat
(16,786 posts)All lies as the Corona virus continues to ravage the nation and change the way Americans shop.
RKP5637
(67,110 posts)leadership handling everything! It is so perfect! The best in the universe, I tell you!
jimfields33
(15,820 posts)I mean GameStop? Who goes and buys games anymore when you can go to an online site and get them there. Basically like saying oh no blockbusters have closed. The other places are all amazon. You can do better with amazon while saving the environment. Big time plus!!!!
Neerav B. Trivedi
(205 posts)I can't wait until Donnie Diapers and his ilk are gone.......preferably for good!~
duforsure
(11,885 posts)Sending us into a depression I see that number being much larger then that, closer to 25,000-30,000 stores closing. Trump and the GOP are stalling getting direct help to the people, and remember we have probably closer to 60 million people out of a job, so when they claim the economy is coming back they're lying, it isn't , likely for 8-10 years. Then you add to that the virus first wave is raging towards 100's of thousands more dying from trump and the GOP refusals to protect us from it. Instead trump wants us getting it sending people back to work prematurely. It's already exploding again , and the first wave isn't nearly done yet. We could see this go on for 2-3 years , or longer.
femmocrat
(28,394 posts)We used to have maybe 6 or 7. There is also a very narrow one in the mall but I dont give it long. Its a shame.
Fla Dem
(23,690 posts)With email, text and other online services, people are sending fewer card. Plus, Target, walmart, cvs, walgreens etc have cards and wrapping paper for the few times you need it.
murielm99
(30,745 posts)for wrapping paper and ribbon. They did not have any. They had Christmas tree ornaments. They had women's tops, scarves and jewelry. I told the owner, whom I have known for years, how disgusted I was. I have not been back.
They are their own worst enemies. I can go to a boutique if I want that crap.
beachbumbob
(9,263 posts)Jirel
(2,018 posts)perfectly ok, and probably past due.
Retail has been excessive for years. There is no need for the number of stores all selling substantially the same thing, especially the same store in multiple locations close to each other. Look at the proliferation of Starbucks to the point that a Starbucks across from a Starbucks actually was not that uncommon. In the big city nearest me, I can think of multiple chain retail stores that have locations less than 3-4 miles from each other, including Chicos, Ann Taylor, Victorias Secret, etc. I can think of a mall I had visited where there were 3 Victorias Secret stores all in the same mall, and it was not the only store with duplicates there. There is no need for that kind of retail.
The crisis just accelerated the death of brands with dumb business practices or products that were either ubiquitous across multiple stores or served too specific a niche (like womens clothing that nobody over a size 10/12 could wear).