Circuit City’s announcement Monday that it was closing 155 stores, or 21 percent of its 721 U.S. locations, and planning to start lease renegotiations for others, will be echoed by numerous retailers throughout 2009, with the total number of stores shuttered in the United States expected to double the figure predicted for this year.
By the end of 2008, store closing announcements will total 6,100, according to an October forecast from ICSC. [...more...]
By the end of 2008, store closing announcements will total 6,100, according to an October forecast from ICSC. [...more...]
