As of last week, more than 13,802 U.S. brick and mortar stores have closed in 2020. This number is already significantly higher than the 9,879 stores that closed in 2019 and the 5,700 stores that closed in 2018.
While the shift from brick and mortar to online stores has been in transition for years, the coronavirus pandemic has indeed played its part this year. The common denominator amongst all the store closures is high debt and low cash flow.
Click here for a comprehensive list of store closures, from Bath & Body Works to GNC.
