You can expect nearly 10,000 nationwide store closings from the likes of Macy’s, Sears, JC Penney, Abercrombie & Fitch, Ralph Lauren, BCBG, The Limited, and even True Religion.
In fact, the store closings are so wide spread that the number of store closings is up 53% from that of the Great Recession in 2008. You can blame the rise of e-commerce, lack of adaptability, and less-than-desirable-merchandise for the trend.
Known for their preference of spending money more on experiences than stuff, millennials are being blamed for these dramatic shifts as well (of course 🙄).
Take a look at the graphic below to see how many store closuress to expect in the coming year!
Image: BCBG / BOF
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