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Total Number of Retail Store Closures 2016-2017

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List of 26 Retailers Going Out of Business Number of Stores Closing
Payless Shoes 1,000
Radio Shack 552
Rue21 400
The Limited 250
Family Christian 240
hhgregg 220
Bebe 180
Wet Seal 171
Crocs 160
GameStop 150
J.C.Penney 140
Chico 120
BCBG Max Azria 120
Kmart 108
American Apparel 110
Office Depot 100
hhgregg 88
Staples 70
CVS 70
Macy’s 68
Guess 60
Gander Mountain 60
Abercrombie & Fitch 60
American Eagle 50
Sears 42
Eastern Mountain 35
Total Number of Closed Locations 4,624
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It is being coined the "Amazon Effect", retail stores are closing their doors in massive numbers. If you've visited a mall lately you'll notice the foot traffic is sparse. Consumers are opting to shop online instead of make the drive to shopping centers like Kmart and J.C.Penney. This drop in shoppers has caused 4,624 retail brick-and-mortar locations to close their doors for good. An estimated 180,000 full-time and part-time company wide employees have been let go. While Amazon is hiring quickly, and now has over 341,000 employees, without retraining these jobless workers will have a hard time picking up these new tech jobs.
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Statistic Sources & References
Sources: Forbes, The Wall Street Journal, Statistic Brain Research Institute
Content Author: Statistic Brain

Date research was conducted: May 10, 2017

Total Number of Retail Store Closures 2016-2017

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