Facing rising costs and a challenging capital environment, retailers increased store closing announcements by 20% year-to-date, per the Daily on Retail research report tracking announced openings and closings for properties excluding auto dealerships.
Year-to-Date Store Closings Disproportionately Hit Malls, Freestanding Retail Sites
More Than 3,000 Store Shutdowns Announced in 2024, Less Than Touted Openings
By Brandon Svec
CoStar Analytics
May 20, 2024 | 4:30 P.M.
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