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4810 Store Closing and its Only March

the staff of the Ridgewood blog

Ridgewood NJ, all signs point to a retail apocalypse , according to Coresight Research.already, 4,810 store closures have been announced by retailers in 2019. . And it’s only March. Last year, Coresight tracked 5,524 store closures, down more than 30 percent from a record 8,139 closures announced in 2017. Among those closing are the Gap, Victoria’s Secret, J.C. Penney, Tesla and Abercrombie & Fitch .

Internet retailer Amazon said this week it will shut all 87 of its pop-up shops inside Whole Foods, Kohl’s and malls across the country. But the company has vowed to invest more in its book stores and other bricks-and-mortar concepts, including its cashierless convenience store called Amazon Go.