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Will 2021’s Dramatic Store-Closing Slowdown Last?

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Retailers closed 63 percent fewer stores in 2021 from the year before. Last year fashion companies exited 4,108 doors, while all of retail shut down 5,080 in 2021, according to Coresight Research. The Covid-19 pandemic drove 11,060 fashion store closures closures in 2020, thanks to widespread shutdowns that forced many companies into bankruptcy. That was…

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