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9 Retailers That Are Closing Stores In January 2021

9 Retailers That Are Closing Stores In January 2021
01/28/21 AT 8:24 AM
The coronavirus pandemic continues to negatively impact the retail sector, with several companies announcing in January that they were closing stores as foot traffic waned and sales declined.
The consumer shift to online shopping during stay-at-home orders only further compounded the financial pressure these retailers were under, making it necessary to shutter locations to stay afloat or, in some cases, file for bankruptcy protection.
According to a report from Coresight Research (via CNBC), there could be up to 10,000 store closures in the U.S. this year, setting a new record amid the pandemic as retailers realign their brick-and-mortar portfolios to remain open for business. ....

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10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers

10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers
CNBC
1/28/2021
Lauren Thomas
Coresight Research predicts as many as 10,000 stores could close in the U.S. this year, which would set a new record.
As of Jan. 22, Coresight said, retailers in the U.S. have already announced 1,678 closures, which include ones by Bed Bath & Beyond, Macy s and J.C. Penney.
In 2020, Coresight tracked 8,741 closures, along with 3,304 openings.
© Provided by CNBC
A man passes by a Banana Republic store, which is going out of business, in New York, January 10, 2021.
One retail research and advisory group predicts as many as 10,000 stores could be closed in the United States this year, which would set a new record, as the Covid pandemic continues to take a toll on the industry and companies rethink how many locations they can sustain. ....

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