A new high of over 9,300 stores closed in the US in 2019, almost double the number that closed in 2018

https://www.businessinsider.com/store-closures-reached-new-high-in-2019-2020-1?IR=T&itm_source=facebook&itm_medium=social&itm_content=briefings_post&itm_campaign=1-6-2020&utm_medium=social&utm_source=facebook.com&utm_campaign=sf-bi-main&fbclid=IwAR0xmfv-PbO_0z_bIWrPrLfQmO4lC0pkL1mYspI8Hj66zjOfX_Ybd2vot8w

Daniel Keyes
Dec. 6, 2020

The US retail industry saw 9,302 stores close last year as of December 20 — a figure that more than doubles the 4,454 openings that occurred during the same period, according to data from Coresight Research cited by Retail Dive. The number of closures is up from 5,844 in 2018 and 6,955 in 2017, with 2019 posting the most closures since Coresight Research started tracking the data in 2012, per CNN.

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While 2019's surging number of shuttered stores was driven by just a few retailers, nearly half of all store closures in 2019 came from retailers that closed fewer than 400 stores each, so brick-and-mortar's struggles extend beyond this handful of retailers. And with 729 stores already closing in 2020, per Coresight Research, store closures appear to be set to persist in the future.

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