Magazine article Journal of Property Management

Number of Store Closures Already Set to Outpace Last Year

Magazine article Journal of Property Management

Number of Store Closures Already Set to Outpace Last Year

Article excerpt

New York Post

The number of shuttered retail stores this year is already outpacing 2015's rate and showing no signs of slowing down. Earlier this month, Men's Wearhouse said it will close 250 stores, while Sports Authority filed for Chapter 11 bankruptcy protection and said it will close 140 stores. In February, Kohl's said it will close 18 underperforming locations, and such other big-box retailers as Wal-Mart and Macy's are also culling stores due to such factors as increased competition and customers' preference for shopping online. Retailers typically trim their store counts at or near the start of each year. Some retail experts say 2016 could be the start of a major shakeout. Among them is Richard Church, managing director of Discern Investment Analytics, who said, "We are in a weak demand environment that could meaningfully accelerate next year."

The number of store closures during the first two months of this year is already 33. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.