News Nearly 5,000 stores in US are predicted to close...

Nearly 5,000 stores in US are predicted to close before 2020 ends

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At least 4,600 stores in the United States are set to close within 2020.

According to a Business Insider report, Microsoft, GNC, Victoria’s Secret, Bath & Body Works, Nordstrom, Sears, Forever 21, and Wallgreens are among the retailers that are planning to close stores this year due to Covid-19 pandemic. 

In 2019, more than 9,300 stores have been announced to close in the US, smashing the previous record of roughly 8,000 store closures in 2017, as analyzed by Business Insider. 

Real estate firm Cushman & Wakefield estimated that the number of store closing this year could be even higher than previous records. The same firm estimated last year, prior to the Covid-19 pandemic, that as many as 12,000 major chain stores could close in 2020. 

As analyzed by Business Insider, retail companies have so far confirmed at least 4,600 stores slated for closure in 2020. 

Below is the list of stores that are expected to close within the year: 

1. Pier 1 Imports: 450 stores

2. GameStop: 320 stores

3. Signet Jewelers: 300 stores

4. Papyrus: 254 stores

5. GNC: 248 stores

6. Victoria’s Secret: 238 stores

7. Gap: 230 stores

8. Tuesday Morning

9. Walgreens: 200 stores

10. Chico’s: 200 stores

11. Wilsons Leather and G.H Bass: 199 stores

12. Destination Maternity: 183 stores

13. Forever 21: 178 stores

14. JC Penney: 155 stores

15. Modell’s: 153 stores

16. A.C Moore: 145 stores

17. Macy’s: 125 stores

18. Art Van Furniture: 125 stores 

19. Bose: 119 stores

20. Guess: 100 stores

21. Microsoft: 83 stores

22. Olympia Sports: 76 stores

23. Sears: 51 stores

24. Earth Fare: 50 stores

25. Bath & Body Works: 50 stores 

26. Kmart: 45 stores

27. Bed, Bath & Beyond: 44 stores

28. Lucky’s Market: 32 stores

29. Express: 31 stores

30. Neiman Marcus: 20 stores

31. Nordstrom: 19 stores

32. Hallmark: 16 stores

33. Walmart: 3 stores

Ryan Namia
Ryan Namia spends most of his days reading over drafts of new written content and determining which ones make the final cut for online and print publication. He received his Bachelor's degree in Journalism in 2015 and has been writing since 2016. Got story to tell? Email him at eic@theglobalfilipinomagazine.com.

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