Find in the news:
BY COUNTRY

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, France:
The relaunch of the retail space took place five months after the renovation.
TODAY, USA:
German luxury sportswear brand Bogner increases its presence in the US market.
YESTERDAY, France:
French retail giants Auchan and Intermarché have presented a collaborative proposal.
YESTERDAY, USA:
This will be the ninth full-line retail store in the Little Words Project portfolio and an addition to two pop-up stores.
Dec 1, 2023, USA:
The 6,000-square-foot outlet is the brand's first full-size store in years.
Dec 1, 2023, USA:
McDonald's is going to roll out the new practice to its 13,460 restaurants in the United States.
Friend
and Follow
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
Woodfield Mall GLA:2 200 000 SF
ADDRESS: 5 Woodfield Mall, Schaumburg, IL 60173
USA . Schaumburg
Woodfield Mall
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia


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 Malls.com administrator.

SAVE CHANGES
ADD PHOTO

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 Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



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.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us