If it has seemed like going-out-of-business sales are around every corner, there's a startling reason: Forever 21, Walgreens, Dressbarn, GameStop, Gap and other chains shut down more than 9,300 stores in 2019 — making it the biggest year ever for store closings.
That's according to Coresight Research, which says closures jumped about 60% from the 5,844 the firm tracked in 2018.
You think that's bad? As online shopping continues to grow, another 75,000 stores could be lost by 2026, says investment bank UBS.
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