U.S. retailers closing in 2020
Last Updated on August 30, 2020
August 30, 2020
Let’s face it, we’re living in a very different world than we were just a few years ago. Online shopping has made it easy for shoppers to buy what they want without running from store to store. They can quickly and easily compare prices and get the biggest bang for their buck all from the comfort of their own home. So, while that’s good news for consumers, it’s bad news for brick-and-mortar stores.
What could be worse retailers wondered? How about a global pandemic–Covid-19–that shut down pretty much the whole world. Stores, restaurants, offices, schools, movie theaters, even churches, all closed to the public. Professional sports teams stopped playing, concerts were canceled, schools were closed and parents started working from home. More bad news for retailers. It’s an apocalypse and, it just keeps going on.
In 2019, 9,500 stores in the United States went out of business and research shows that as many as 25,000 could close permanently in 2020. The local shopping mall is dying.
Watch this short video to see the full list of U.S. stores closing in 2020.
Communications and Marketing
Leave a Reply