Store closures reached a new high in 2019 - Business Insider - Business Insider

A handful of retailers accounted for many of the shuttered stores, but the closures expand well beyond them. Payless' of 2,100 US stores led the industry, and its closures, along with those from Ascena Retail, Gymboree, Fred's, and Charlotte Russe, accounted for approximately 51% of US store closures last year.

The rise of e-commerce is likely partially responsible for the surge in store closures, but retailers can potentially save their stores and boost their overall sales by updating their locations with e-commerce in mind.

Retailers can follow Walmart & Target that embraced buy online including pickup in-store offerings for consumers to pick up their orders.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

eBay reveals most expensive purchases on its site in 2019 - Business InsiderA $4.6 million lunch with Warren Buffett and a $400,000 Tom Brady trading card: eBay reveals 20 most expensive purchases on the site in 2019 Who's the guy behind Mr buffet and his listening free ... Lucky chap😉 WarrenBuffett --------Fool________Money------ IT IS HIM WHO PAYS OBVIOUSLY !!!!! 😅😁🤔😓😪
Source: BusinessInsider - 🏆 729. / 51 Read more »

These are the biggest fintech losers of 2019 - Business InsiderWe've selected the fintechs that struggled throughout the year, based on negative news including botched service launches and flawed technologies.
Source: BusinessInsider - 🏆 729. / 51 Read more »