Store closings hit record number in 2017
FOX file
TAMPA (FOX 13) - It’s been a tough year in retail as the year closes with a record number of store closings.
Nearly 130,000 retail workers lost their jobs between November 2016 and November 2017 with store closing announcements more than tripling this year.
Experts predict the trend will continue, as online shopping becomes more popular. Amazon saw its share rise 55 percent in 2017.
Meanwhile, hundreds of brick-and-mortar stores filed for bankruptcy. According to FOX Business, the following retailers closed this year:
Abercrombie & Fitch
Aerosoles
American Apparel
BCBG
Bebe
The Children’s Place
CVS
Guess
Gymboree
Hhgregg
J. Crew
J.C. Penney
The Limited
Macy’s
Michael Kors
Payless
RadioShack
Rue21
Sears/Kmart
Toys R Us
Wet Seal