Retailers have announced 67% more store closures so far this year compared to 2024, with 119 shops across the U.S. closing in the first week of July alone, according to data from CoreSight Research.
There have been 5,941 announced store closures and 4,176 new locations this year through July 4. The imbalance of openings and closings amounts to roughly 50M SF of space that has been vacated this year without a new tenant in place, CoStar estimates.
Brick-and-mortar shops remain consumers` preferred method of shopping, but the data could reflect unease among retailers as consumer sentiment sours and President Donald Trump’s trade war drags on...
Brick-and-mortar shops remain consumers` preferred method of shopping, but the data could reflect unease among retailers as consumer sentiment sours and President Donald Trump’s trade war drags on...
RSK: Even though there are closings for certain National Retailers, foot traffic and spending are up. Investors still see the retail sector for newer well located spaces as a good investment.
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- - Volume: 25 - WEEK: 29 Date: 7/15/2025 12:06:23 PM -