The total of 2,587 closures in the first 17 weeks of the year is 12.3 percent more than had been scheduled by the same time last year
Revelation 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- US retailers confirmed another 169 closures last week – bringing the total so far this year up to almost 2,600.
- Physical stores in shopping malls, strip malls, downtown centers and on Main Street in towns have been under threat from online retail and changing tastes.
- ‘Year to date, in 2024, major US retailers have announced 7.4 percent fewer openings and 12.3 percent more closures compared to the same time last year,’ read a report by Coresight Research on closures announced over the week ending April 26. The full list is below.
- The total of 2,587 closures in the first 17 weeks of the year is almost 300 more than at the same time last year, but a thousand less than the number of openings.
- Announced week ending April 26
- Express’s additional 103 store closures planned for this year
- Outfox Hospitality’s 35 store closures
- Ashley’s 13 store closures
- Urban Outfitters’ estimated seven (additional) store closures planned for this year
- Anthropologie’s estimated five (additional) store closures planned for this year
- Free People’s three store closures planned for this year
- In addition, Shop ’n Save, The Buckle and Walmart announced the closure of one store each.
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