Title: Which Stores are Going Out of Business in 2019 and Why? - South Florida Reporter
Headings: Which Stores are Going Out of Business in 2019 and Why?
Which Stores are Going Out of Business in 2019 and Why?
Changing Tastes Determine Which Stores are Going Out of Business
Other Factors in the Retail Apocalypse
Small Retail Retrenches
When You’re Not the CEO
Who We Are

Content: Which Stores are Going Out of Business in 2019 and Why? - South Florida Reporter
Home Business Which Stores are Going Out of Business in 2019 and Why? Which Stores are Going Out of Business in 2019 and Why? By
Chad Van Horn
-
Apr 1, 2019
You can’t blame Amazon for everything, they are not the arbiter of which stores are going out of business and which are staying in. Almost 5000 foreclosures have been announced in the first three months of 2019, while that is down from 5500 from the year before, it is still a devastating number. Many of the shopping mall stalwarts simply do not have enough traffic to sustain the high overhead of destination shopping. This includes Amazon, which is shuttering 87 pop-up shops inside Whole Foods, Kohl’s, and a variety of shopping malls. However, Amazon is also still planning to open thousands of brick-and-mortar locations, perhaps having figured out more of the new retail formula than established stores. Changing Tastes Determine Which Stores are Going Out of Business
The primary drivers in which stores are going out of business are demographic changes. While shopping mall staples such as Gap, Victoria’s Secret, Abercrombie and Fitch, and Charlotte Russe are closing stores, it’s more about not keeping up with the tastes of the marketplace.