The Retail Apocalypse Isn’t Over: More Store Closures Expected in 2020

by Mac Slavo

More than 9,300 retail department stores have shut their doors this year. As 2020 comes at us quickly, most are expecting the retail apocalypse to drag on.

While we are told consumerism and spending remains high, retail establishments are closing down: most permanently. Retailers actually set a new record for store closures in 2019 at a time when all the talking heads continue to say retail spending is high. In fact, Payless ShoeSource filed for bankruptcy in February and said it planned to close all of its 2,500 stores in what could be the largest retail liquidation in history.

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