Today In Data: US Retail Store Closures Outpacing 2008 Recession Rates

Store Closures and Retail Bankruptcies

The 2008 recession may have had a stronger impact on the retail world than once previously thought.

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    When this turbulent time for retailers hit, the world was in the midst of an expanding eCommerce growth period. As such, more brick-and-mortar stores are projected to close this year than during the economic downturn from nine years ago.

    Here are the numbers:

    2,880 | Number of store closings so far in 2017

    1,153 | Number of store closings during the same time period in 2016

    8,640 | Estimated total number of store closings in 2017

    6,200 | Peek number of store closings in 2008

    10 percent | Amount of total physical U.S. retail landscape estimated to close in 2017