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In Another Sign of Retail Recovery, Announced Store Closures See a Drastic Slowdown

Amount of Space Retailers Said They Plan To Close in 2021 on Pace for Lowest Annual Total in More Than a Decade
By Kevin Cody
CoStar Advisory Services
July 23, 2021 | 7:34 P.M.

One of the biggest surprises for the retail market in 2021 has been the drastic slowdown in announced store closings. Following a record-setting year in 2020, many believed the distress and dislocation of traditional shopping patterns caused by the pandemic would result in another year of an elevated number of stores shutting their doors.

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