📉Tsunami of retail store closings expected to hit US, hurt malls

By bankruptcy, 3 Economy

📉Tsunami of retail store closings expected to hit US, hurt malls.

More than 12,000 stores are expected to close in 2018 – up from roughly 9,000 in 2017, according to Cushman & Wakefield.

A rash of bankruptcy filings and announcements to close stores are expected at the start of the year, when retailers are flush with cash from the holiday season.

Among the companies most likely to file for bankruptcy within the next year are Sears, Bon-Ton Stores, Bebe Stores, Destination Maternity Corp., and Stein Mart.

The closings would push hundreds of shopping malls to the brink of death.

http://www.businessinsider.com/store-closures-in-2018-will-eclipse-2017-2018-1?utm_source=feedly&utm_medium=referral

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