A tsunami of store closings is about to hit the US -- and it's expected to eclipse the retail carnage of 2017
- More than 12,000 stores are expected to close in 2018 – up from roughly 9,000 in 2017, according to Cushman & Wakefield.
- A rash of bankruptcy filings and announcements to close stores are expected at the start of the year, when retailers are flush with cash from the holiday season.
- Among the companies most likely to file for bankruptcy within the next yearare Sears, Bon-Ton Stores, Bebe Stores, Destination Maternity Corp., and Stein Mart.
- The closings would push hundreds of shopping malls to the brink of death.
2 February, 2018
Mass store closings will force shopping malls out of business
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