The ongoing “retail apocalypse” in the United States has claimed more victims in the first quarter of this year than all of 2018 combined. By end April this year, almost 6000 retail stores closed down in the US, while the total number of store closures in 2018 was just 5864.
This a continuation of a trend that has been going on since 2010, and rather than slowing down, it is only showing signs of accelerating. Researchers predict that by 2026, nearly 75000 stores will have closed down in the US alone.
What is causing this this apocalypses and should we try and stop it?
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