US retail store bankruptcies growing

Livewire News

This infographic tracks the pace of US retail bankruptcies and store closures in the wake of the rise of E commerce: "We’re not even one-third through 2017, and we already have about as many retail bankruptcies as the previous year’s total. If they continue at the current pace, we could see over 50 retailers bankrupt by the end of the year. So far we’ve seen roughly 3,000 store closings announced in 2017, and Credit Suisse estimates that could hit 8,600 by the end of the year. That would easily surpass 2008’s total, which was 6,200 closings, to be the worst year in recent memory: (VIEW LINK)


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