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In the wake of e-commerce giants such as Amazon,&nbsp;brick-and-mortar retail operations continue to suffer mass closures <a href="https://www.cnbc.com/2019/07/13/retail-store-closures-in-2019-freds-charming-charlie-and-more.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=retail-store-closures-could-reach-record-numbers-by-end-of-2019-2710521" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">as reported by CNBC</a>. This year&rsquo;s closures have already surpassed last year&rsquo;s 5,524 according to CoreSight, a record low following 2017&rsquo;s all-time-high of 8,139. Only a little over halfway through the year, 2019&rsquo;s closures are on trend to exceed 2017&rsquo;s record and potentially even reach 12,000 closures overall.&nbsp;

Younger, internet-based and e-commerce brands are taking over the retail industry. This shift has also had an effect on major U.S. mall-owners such as Simon and Macerich, who have been feeling the downtrend of once-popular department stores for at least a decade.

As retailers try to reinvent the mall-model and drive more business to physical stores, many popular brands are filing for bankruptcy or shuttering dozens of locations. Among these national brands are Fred&rsquo;s, Charming Charlie, Bed Bath &amp; Beyond, CVS, Dressbarn, Party City, Victoria&rsquo;s Secret and more.&nbsp;

Read more about the future of the retail industry and what this could mean for consumers and business-owners alike <a href="https://www.cnbc.com/2019/07/13/retail-store-closures-in-2019-freds-charming-charlie-and-more.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=retail-store-closures-could-reach-record-numbers-by-end-of-2019-2710521" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">here.</a>

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Retail Store Closures Could Reach Record Numbers by End of 2019 

1851 Franchise

7,062 closures have been reported by U.S. retailers this year in a landscape that has been increasingly competitive. 

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Retail Store Closures Could Reach Record Numbers by End of 2019

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