Are more store closings coming? Firm forecasts 'no light at the end of the tunnel'
February 19, 2019

From USA Today:

The decline of brick-and-mortar stores isn't expected to slow down, according to a new report.

Coresight Research released an outlook of 2019 store closures Wednesday, saying there's "no light at the end of the tunnel."

According to the global market research firm's report, six weeks into 2019, U.S. retailers have announced 2,187 closings, up 23 percent compared to last year. Those closings include 749 Gymboree stores, 251 Shopko stores and 94 Charlotte Russe locations.

Factors influencing the closings include online retail growth, flat and declining sales and rising interest rates, according to the report.

Bankruptcies also are continuing at a rapid pace "with the number of filings in the first six weeks of 2019 already at one-third of last year's total," the report states...

Continue reading at USA Today...

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