Insight Report 9 minutes PremiumUS Store Closures 2019 Outlook: No Light at the End of the Tunnel Coresight Research February 13, 2019 Executive SummaryCoresight Research tracked 5,524 U.S. store-closure announcements in 2018. While this figure was down 32% from the prior year, the number of store closure announcements so far in 2019 is up 23% versus this time last year, with potentially many more on the way due to companies currently in the bankruptcy process and more on the horizon. This report analyzes drivers of store closures, including the following factors: E-commerce continues its relentless share gains in retail, and market forecasts call for this rate to accelerate. Consumer retail spending remains at a high rate, so spending can only decrease from “peak retail.” Retailers in the U.S. continue to open stores at a rapid pace despite flattish store-based retail sales per capita. Interest rates continue to rise in the U.S., putting increasing pressure on retailers with high debt loads. Retail bankruptcies continue at a rapid pace, with the number of filings in the first six weeks of 2019 already at one-third of last year’s total. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Consumer Financial Health Stays Strong: US Consumer Survey Insights 2023, Week 38Coresight Bites: US Consumer Tracker—More Shoppers Cut Grocery Purchases Amid High Inflation AwarenessFebruary 2023 UK Retail Sales: Total Sales Post Strongest Growth in a YearUS Consumer Tracker Extra: Working from Home, Returning to Stores and the Complex 2023 Consumer