General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMore than 2,200 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
More than 9,300 store closings were announced in the US in 2019, smashing the previous record of roughly 8,000 store closures in 2017, according to an analysis by Business Insider.
The number of store closings this year could be even higher than previous records, according to estimates from the real estate firm Cushman & Wakefield. The firm estimated last year that as many as 12,000 major chain stores could close in 2020.
Retailers have so far confirmed at least 2,200 stores slated for closure in 2020, according to a Business Insider analysis.
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https://www.businessinsider.com/stores-closing-in-2020-list-2020-1#click=https://t.co/sRoLbE9E1V
dewsgirl
(14,961 posts)Sherman A1
(38,958 posts)Having worked retail for over 4 decades this really hits home.
lpbk2713
(42,757 posts)I hate to see it happen.
rownesheck
(2,343 posts)at the closing of blockbuster video and all other video rental stores. Those were my favorite jobs ever. They were libraries where you could walk around and say, "Oh! I've been wanting to see that one!" Now, you just scroll through screens of whatever the streaming service puts up there. What fun is there in that? Boring! Bring back the video rental stores!
mnmoderatedem
(3,728 posts)just walked through yesterday. Good grief, literally about a third of the units are vacant
A HERETIC I AM
(24,367 posts)CatWoman
(79,301 posts)CousinIT
(9,241 posts)it won't be a shopping mall anymore.
msongs
(67,404 posts)kimbutgar
(21,137 posts)And I need to try on clothes. Everytime I order clothes online they end up not fitting and I give them away.
I went to our local IKEA the other day and the store was really busy.
struggle4progress
(118,282 posts)smirkymonkey
(63,221 posts)And the republicans are clearing their path.
Wounded Bear
(58,648 posts)just spitballin' of course, but at 10 jobs each, that's 22,000 jobs.
Ms. Toad
(34,069 posts)in my daughter's company (with 50 stores). So your estimate's a bit low.
Wounded Bear
(58,648 posts)and along Main Street. But like I said, was just spitballing.
Regardless, losing that many businesses will hurt small towns around the country. Malls are already dying and re-purposing.
ck4829
(35,069 posts)Ms. Toad
(34,069 posts)They are nearing the end of their liquidation sale. It's a race to see if she can get one last $20,000+ infusion in before her health insurance terminates.
She's got a new job - at $2 less an hour. Insurance won't start for 3 months and the timing means she will pay three full out of pocket maximums in 13 months, snce she blows through any annual out-of-pocket max in a month. ($2,000 at her current job; $3,500 once her new insurance kicks in, and up to $8,200 more for the gap period.) Still a bargain because her billed expenses are $200,000 a year - but still - on an income of less than $21,000/year - that $13,700 is likely going to come out of mom's pocket.
hunter
(38,311 posts)... and the housing you can afford doesn't have a yard, garage, or any room to store things, there's only so much shopping you can do.
A person moving up in life from a college dorm room, to their own apartment, to a large condo, to a 3,000 square foot house on a quarter acre lot has room to shop. Everyone else, not so much.
madville
(7,410 posts)Good for the USPS and other delivery services though
Quixote1818
(28,930 posts)I don't know how half of the stores are staying open there now.