A tsunami of store closings is about to hit the US — and it’s expected to eclipse the retail carnage of 2017

Retailers are bracing for a fresh wave of store closings in 2018 that is expected to eclipse the rash of closings that rocked the industry last year.

“Landlords are panicking,” said Larry Perkins, the CEO and founder of the advisory firm SierraConstellation Partners. “The last year was pretty apocalyptic from a retail standpoint, and the macro issues haven’t changed. There will continue to be a high degree of bankruptcies and store closures.”

via Tsunami of retail store closings expected to hit US, hurt malls – Business Insider

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