15K Stores Could Permanently Close in 2020

retail store closing

More than 15,000 stores could shutter in 2020, far surpassing 2019’s record 9,548 closures, according to an emailed report from Coresight Research.

Coresight analysts also anticipate more retailers will file for bankruptcy this year, and that more companies could end up liquidating entirely in Chapter 7.

Accelerating closures and bankruptcies in 2020 is the coronavirus pandemic, which Coresight CEO Deborah Weinswig said in the report will “provide a sharp shock to physical retail…” Retail Dive

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