Find in the news:

10,000 more stores will close in the U.S. due to the pandemic

The number of closures in the U.S. retail market will be 14% higher than in 2020.
Closed - Pexels

The retail market crisis caused by the pandemic and restrictions will continue into 2021. Analysts at Coresight Research predict that about 10,000 retail stores will close in the next twelve months, a new record for the market. 

Thus, according to the study, the number of closures in the U.S. retail market will be 14% higher than 2020. Experts estimate that about 4,000 stores will close under pressure from the growing segment of fixed-price stores and discounters. 

Last summer, the analysts of Coresight predicted the closure of about 25,000 physical stores across the country, but their forecasts were ultimately not justified. By the end of the year, about 8,700 stores had left the market, while 3,300 new retail facilities were opened. 

They noted that problems in the U.S. retail market for traditional retailers began even before the pandemic amid the development of e-commerce and customers' exodus from physical stores and malls. In 2019, an all-time high of 9,832 stores left the market. 

According to Deborah Weinswig, founder and CEO of Coresight, rolling out vaccination programs would likely lead to a partial recovery in-store sales. Still, the plans could take months to reach a broad consumer base. Many retailers won't be able to wait that long and will be forced to close. In the first three weeks, 1,678 stores were announced to close in the United States, including those under the Bed Bath & Beyond, Macy's, and J.C. Penney brands.

More about shopping malls in the USA

TODAY, China:
Livat Xi’an is the largest foreign commercial property investment into Shaanxi Province.
YESTERDAY, United Kingdom:
To celebrate the launch, the brand introduced the series with exclusive limited-time offers.
Adidas has raised its full-year profit guidance following an exceptional performance in the first quarter of 2024.
Apr 15, 2024, Germany:
KaDeWe filed for insolvency at the end of January due to issues within Signa Group.
Apr 12, 2024, USA:
The Meeting Place spans approximately 256,000 square feet and includes Saluhall along with other offerings like Hej!Workshop.
Apr 11, 2024, China:
Lacoste has emerged victorious in its trademark infringement lawsuit against the Chinese brand Cartelo.
and Follow
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Plaza Singapura GLA:482 311 SF
ADDRESS: Plaza Singapura, 68 Orchard Rd, Singapore 238839
Singapore . Singapore
Plaza Singapura
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre

Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by administrator.


Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by administrator.

Sign in
Sign in please, if you already have an account


Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please. Team
Thank you for message!
In the near future you will be contacted the manager
for further details. Team
Good mall, bro!
In the near future you will be contacted the manager
for further details. Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details. Team

Write to us