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

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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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