payless-stores-closing-out-of-business

Total Number of Retail Store Closures 2016-2017

Share This Data
List of 26 Retailers Going Out of BusinessNumber of Stores Closing
Payless Shoes1,000
Radio Shack552
Rue21400
The Limited250
Family Christian240
hhgregg220
Bebe180
Wet Seal171
Crocs160
GameStop150
J.C.Penney140
Chico120
BCBG Max Azria120
Kmart108
American Apparel110
Office Depot100
hhgregg88
Staples70
CVS70
Macy’s68
Guess60
Gander Mountain60
Abercrombie & Fitch60
American Eagle50
Sears42
Eastern Mountain35
Total Number of Closed Locations4,624
ADVERTISEMENT
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.
PREV DATA SET
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

Industries
ADVERTISEMENT
Related Statistic Brain Research