Store closings pile up: With 1,200 closures already announced, retailers face another grim year
The start of a new decade isn’t offering much hope for beleaguered retailers.Traditional chains are looking increasingly frail less than a month into 2020, with vacancies piling up and few near-term prospects for a turnaround.National chains Macy’s, J.C. Penney, Papyrus, Express and Pier 1 Imports, as well as other retailers, have collectively announced 1,218 store closures this year, according to global marketing research firm Coresight Research.The fallout […]
