American retailers already announced 6,000 store closures this year
April 18, 2019

From CNN:

America has too many stores.

This year, US retailers have announced that 5,994 stores will close. That number already exceeds last year's total of 5,864 closure announcements, according to a recent report from Coresight Research.

Bankruptcies in the retail sector are piling up and chains have aggressively closed under-performing stores. That has led to an uptick in store closures this year.

Payless, Gymboree, Charlotte Russe and Shopko have all filed for bankruptcy this year and will close a combined 3,720 stores, according to the report. The majority of those are because of Payless, which filed for its second bankruptcy in February and said at the time it would shutter 2,100 stores in the United States.

Continue reading at CNN...

You may also like

Millennials approach middle age in crisis

"New data show they’re in worse financial shape than every preceding living generation and may never recover."

The 'absolute best' homebuilder in the market

"Everyone believes the housing boom is over... But the reality is much different."

Tesla is running out of cash

"Investors shouldn't expect much mileage out of Tesla's latest capital increase."