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Over 8600 retail stores to be closed in USA, experts say

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Over 8600 retail stores to be closed in USA, experts say

From the beginning of the year and until the 6th of April 2017, the closure of 2880 retail stores has been announced in the USA, what is twice more than it was in the same period of the previous year, the WSJ reports, citing estimates from Credit Suisse.

This includes hundreds of shops from such networks operating across the country as Payless ShoeSource and Radioshack.

Based on these data, Credit Suisse’s experts expect the closing of more than 8,600 retail stores in the USA this year, what is more than over the period of a recession of the late 2000's.

Closure of retail outlets is due to the rise of online trading for the past three decades.

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