According to Coresight Research, store closures are likely to again surpass openings this year, with as many as 15,000 retail locations expected to shutter.
The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.
When asked if Shein will still be able to provide its ultra-low prices if tariffs take effect, Tang didn’t address whether the company would raise prices.
Following a raft of stores closures in 2024, Coresight Research predicts that closures will escalate this year, to approximately 15,000.
Coresight Research shares predictions – and opportunities for grocers, discounters and mass retailers – in new report ...
The prediction represents a spike in retail closings from 2024, but store openings will remain constant at 5,800.
The Chinese ultra-fast fashion platform’s possible links to human rights abuses in Xinjiang has come under renewed scrutiny, ...
JCPenney has weathered a bankruptcy, store closings and a CEO straight out of Silicon Valley — all followed by continual ...
Six retail stores – one of which still has a presence in the Chautauqua Mall – are merging to form a new organization. JCPenney and the SPARC Group are forming Catalyst Brands. Other SPARC Group ...
The tax increases unveiled in the October 2024 budget have further complicated the outlook for retailers in the new year. One ...
Analysts surveyed by LSEG had expected fourth-quarter comparable sales to rise 0.2%. However, the retailer maintained its ...
Chinese firms, including TikTok and Shein, face EU GDPR penalties over data transfers to China, risking billions in fines.
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