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Store closings have tripled so far this year
6-24-17
Everything must go!
Stores are closing at alarming rate. The number so far this year is triple what it was in the same period last year, according to an analysis by Fung Global Retail & Technology, a retail think tank.
There have been 5,300 store closing announcements through June 20, making it the second worst year on record at the six-month mark. The worst year ever for store closings was 2008 during the Great Recession, when Credit Suisse counted 6,163 closings. But 2017 is poised to easily surpass that.
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http://money.cnn.com/2017/06/23/news/companies/store-closings/index.html