store closings news and archive

Number of UK stores could drop by 20 percent, says think tank

Retail health in the UK has been negative or flat for 10 consecutive quarters, but Brexit can make this year’s holiday season the most critical the UK retail has seen in a decade, according to KPMG/Ipsos Retail Think Tank (RTT). “With all the uncertainties building around Brexit, and the UK’s trade agreements, the months ahead will be defining...

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Many retailers are closing the wrong stores, says McKinsey

More than 7000 stores closed in the US in 2017, and the trend continues into 2018. As traffic in US shopping malls decreases, investment bank Credit Suisse forecasts 25 percent of all American malls to close by 2022. However, some companies may be choosing the wrong shops to close, according to a recent study by management consultancy firm...