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25,000 Stores at Risk: COVID-19 Seen Fast-Tracking Retail Closures This Year

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

As many as 25,000 stores could fold up shop this year amid a coronavirus pandemic redrawing the U.S. retail map. Between 55 percent and 60 percent of the 20,000 to 25,000 stores that could be affected are locating in shopping malls, whose “rationalization,” Coresight Research CEO Deborah Weinswig says, “has lagged physical store closures.” “The…

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