Franchise News
Retailers Have Announced 6,200 Store Closures Already This Year
With store closures on pace to break records for the third straight year, the retail apocalypse is upon us.
With Party City’s Thursday announcement of 45 impending store closures in 2019, the number of retail locations expected to shutter across the country has reached a whopping 6,200. It’s May.
Business Insider compiled a list of all of the announced store closures already on deck this year, which includes Payless ShoeSource (5,200 stores), Gap (230 stores), Family Dollar (390 stores), among many, many others.
Citing research done by commercial real estate firm CoStar Group, the article noted that retailers closed 102 million square feet of store space in 2017, a record that was then topped in 2018 with the closure of another 155 million square feet of space.
See the full list here.
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About the Author
Madeline Lena
FollowMaddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories.
Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business. In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.
