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A giant wave of store closures is about to hit the US

Business Insider - 31 Dec 2016 15:09
A giant wave of store closures is about to hit the US Nicholas Eckhart Retailers are bracing for a fresh wave of store closures at the start of the new year. The industry is heading into 2017 with a glut of store space as shopping continues to shift onlineand foot traffic to malls declines, according to analysts. "If you are weaker player, it's going to be a very tough 2017 for you," said RJ Hottovy, a consumer equity strategist for Morningstar. He said he's expecting a number of retailers to file for bankruptcy next year, in addition to mass store...
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