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US Retail Slump to Continue in 2019 With Thousands of Store Closings

Due to the rise of online shopping, the retail industry is looking at yet another financially depressing year. As of March 2019, over 5,300 US retail stores say they will cease operations. Nearly half of the 2019 closings are Payless, which filed for bankruptcy in February of this year. Charlotte Russe will also close approximately 520 stores. Like Payless, the clothing retail chain filed for bankruptcy in February this year.

In addition, Gymboree will close 805 locations in 2019. The child apparel store filed for bankruptcy back in 2017. In 2018, a record 155 million feet of retail business space closed their doors.

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Judge Orders Independent Investigation of Jussie Smollett Case
Marijuana Use Increasing Among Pregnant Women
Grand Jury Indicts Cardi B Over Strip Club Fight
Zion Williamson, Ja Morant and RJ Barrett Highlight 2019 NBA Draft
CC Sabathia Makes MLB History With 250th Career Win
Dealing With The Stress Caused By Their Military Deployment

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