US Store Closures: Apparel Sector Accelerates Toward Record Number of Store Closures

What's Inside

US apparel store closures are rising amid the coronavirus crisis, and the sector has witnessed Chapter 11 bankruptcy filings by a number of major retailers so far in 2020.

In this report, we discuss the following key topics:

• Year-to-date announced apparel store closures—such as by Ascena Retail Group, Brooks Brothers and Tuesday Morning
• Year-to-date apparel retailer bankruptcies—including Centric Brands, J.Crew Group and True Religion Apparel
• Our outlook for brick-and-mortar apparel retail, considering findings from Coresight Research proprietary surveys of US consumers
• Potential acquisitions of struggling apparel retailers by mall owners such as Simon Property Group
• The implications of rising store closures and bankruptcies for apparel brands/retailers and real-estate firms

Click here to read our US Store Closures 2020 Outlook.

Read our separate reports on US department store closures and our expectations for the acceleration of bankruptcy filings through the remainder of the year.

Click here to read Coresight Research’s ongoing coverage of the coronavirus pandemic, and visit our Coronavirus Tracker for more information on temporary store closures and key developments.