A staggering amount of U.S. retail stores closed in 2017

Michael B. Kelley // Editor // Yahoo Finance January 5, 2018

A staggering amount of U.S. retail stores closed in 2017
https://finance.yahoo.com/news/staggering-amount-u-s-retail-stores-closed-2017-161401876.html?soc_src=mail&soc_trk=ma

An estimated 7,795 U.S. retail store closures were announced in 2017, according to a new research note from UBS, setting a new record.

Store closures across the U.S.  Previously, the biggest slew of U.S. retail closures came in 2008 with 6,163 locations shuttering, according to a 2017 report by Credit Suisse. That report added that 5,077 stores closed in 2015 and 2,056 stores in 2016.

Looking at six traditional retailers who closed stores in 2017 — JCPenney (JCP), KMart (SHLD), Macy’s (M), Payless, RadioShack, and Sears (SHLD) — Yahoo Finance put together a map showing the wave of about 2,750 closures across the U.S.

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