Listen Live
Walker Funeral Home Black Business Spotlight
100.3 Featured Video
CLOSE
Sorry we re closed sign in a fashion boutique in Tokyo, Japan.

Source: Mint Images RF / Getty

Online stores are dominating the retail game. Brick and mortar stores keep on closing, and according to experts, the trend isn’t slowing down anytime soon.

BLACK FRIDAY

Source: Raleigh News & Observer / Getty

According to Yahoo.com, Coresight Research says more than 7,000 stores are slated to close its doors this year with thousands of locations already gone. The record year for closings was 2017, with 8,139 shuttered stores, and they expect the closings to continue into future years.

Woman tries dress for size

Source: moodboard / Getty

USB analysts predict that 75,000 more stores will need to be closed by 2026 if e-commerce continues to gain traction, jumping from its current level of 16 percent up to 25 percent. Stores that have recently closed many locations include Payless ShoeSource, Gymboree/Crazy 8, Dressbarn, and Charlotte Russe.

 

ESTIMATED 12K SHOPS COULD CLOSE BY END OF 2019  was originally published on mycolumbusmagic.com