These stores are open for business today, but tomorrow we might find another business has taken its place. Or, worse. A glaringly vacant lease-space littered with the former shop’s lingering mess might greet us instead. It’s no joke, a whopping 4,810 stores have already been slated for closure this year.
2018 was a brutal year for retail businesses. Twenty-seventeen wasn’t much better. This year could be worse. If sales don’t pick up in 2019, the 2018 Retail Apocalypse could implode with dire ramifications. It could decimate some of our best shopping options, at least temporarily. As it is, so far this year, some of our most recognized mall shops, such as Z Gallerie, Charlotte Russe, and Gymboree have all filed the infamous Chapter 11 lawsuit. And, according to Coresight Research, as of March, 1,674 stores have already closed this year alone! The culprit for all this carnage can be summed up with one four-letter word: Debt.