For Retailers That Survived the Meltdown in 2020, There's Hope on the Horizon

Announced store closures may still accelerate as the year goes on, but there is reason for optimism within the retail market. With the rollout of vaccines, the number of cases has dropped and there has been a strong recovery in retail sales, foot traffic, consumer sentiment and consumer spending. The biggest market-changing closures over the past two years were made by J.C. Penney, Macy’s, Gordmans and Bed Bath & Beyond. Traditional retailers, like clothing and department stores, will likely continue to lead the way for closures, while experiential retailers, including movie theaters, fitness centers, and restaurants, also face near-term distress from the pandemic.