The U.S. retail industry has been hit hard and may be closed today – thousands of stores
A tracking survey by Coresight Research shows that U.S. retailers may announce the closure of 20,000-25,000 stores this year, 55-60% of which are located in U.S. shopping malls. This would also be an industry record. Deborah Weinswig, co-founder and CEO of Coresight, said, “We expect that the number of U.S. retailers filing for bankruptcy will increase significantly this year, and the number of filings for bankruptcy protection may also rise.”
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