More Than 9,300 Stores Closed Across US in 2019: Report

• More Than 9,300 Stores Closed Across US in 2019: Report
  by JACK PHILLIPS, https://www.theepochtimes.com/
  A report found that more than 9,300 stores have closed or are closing across the United States in 2019, including locations operated by Payless, Gymboree, Fred’s, Walgreens, Family Dollar, and many more.
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  According to a report (pdf) by Coresight Research, which released its year-end report on the closing stores, 5,844 stores closed in 2018. In 2019, 9,302 stores were reported to have been shut down or were going to be shut down, which is a 59 percent increase over 2018. Payless ShoeSource shut down 2,100 stores, Fred’s shut down 564, Ascena Retail shut down 781, Gymboree shut down 740, Sears closed down 210, and Charlotte Russe shut down 512. Twelve businesses had at least 200 locations shut down in 2019, the research organization said.
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  Gamestop, Gap, Foot Locker, Walgreens, Destination Maternity, GNC, Bed Bad & Beyond, Victoria’s Secret, CVS, Big Lots, Office Depot, Pier 1 Imports, Rent-a-Center, and Abercrombie & Fitch all saw dozens of their stores close, the report noted. At the same time, 4,392 new stores opened across the United States, said Coresight. Dollar General opened up nearly 1,000, Dollar Tree opened 348, Family Dollar opened 202, Aldi opened 159, and a number of other aforementioned brands that shuttered stores also opened new locations, according to the report.
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