Store closures decline for the first time in 2021
For the first time in 2021, store closures have declined year over year, according to an emailed report from Coresight Research. The firm tracked 4,626 closures so far this year, 5.7% fewer than last year at this time. Leading retailers in closures so far is Christopher & Banks, which liquidated its physical footprint in bankruptcy this year. Another recent retail bankruptcy, Francesca's, closed 342 stores, a significant chunk of its footprint.