Until the end of the year in America will close 8600 stores

Until the end of the year in America will close 8600 stores

For 2017 in the United States will close more retail stores than ever before.

According to the trading-analytical center of the Fung Global Retail & Technology, January 1, the retailers announced the closure of 6,700 stores in America. More than 300 companies have declared themselves bankrupt. This surpasses the previous high that was set in 2008 during the global financial crisis. When America closed 6163 store.

Until the end of the year in America will close 8600 stores

The establishment of a gloomy record «helped» pharmacy chain, Walgreens, announced yesterday, October 25 that it plans to close about 600 outlets. However, the Walgreens representative said that the network has signed a deal to buy 1932 pharmacies Rite Aid, so to bankruptcy it so far away.

As reported by CNN Money, among other networks, which announced the closure of many retail outlets: Kmart, Sears, JCPenney, Ann Taylor, Gap, Banana Republic, Gymboree, Teavana, Michael Kors, Bebe, Perfumania, The Limited and Staples.

The main source of problems retailers — online shopping. The giants of e-Commerce easily win new customers. In addition, the rapid changes of fashion, for example, cause consumers to pay attention to cheaper clothing stores like H&M and Forever 21, while luxury brands suffer losses.

The results of the year, analysts say, will be even gloomier. According to forecasts from Credit Suisse, the number of shops closed by 31 December will reach 8600. If that happens, America will lose more than 147 million square feet of retail space.

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