- More than 9,100 stores are expected to close in 2019.
- Sears, Kmart, Party City, Walgreens, and Barneys, are among the retailers that have recently announced store closings.
- Charlotte Russe, Family Dollar, and Chico’s announced more than 1,100 store closures in a span of 24 hours.
- Payless has said it plans to close all of its 2,500 stores in what could be the largest retail liquidation in history.
The staggering rate of store closures that rocked the retail industry over the past couple of years is expected to continue in 2019, with more closures expected this year.
Retailers closed a record 102 million square feet of store space in 2017, then smashed that record in 2018 by closing another 155 million square feet, according to estimates by the commercial real-estate firm CoStar Group.
“This year we are predicting more of the same in the retail space,” CoStar senior consultant Drew Myers said.
Retailers have announced more than 9,100 store closures so far this year, according to an analysis by Business Insider.
Here’s a list of all the stores closing this year: