Over 6 Thousands of US Stores Close: List and Perspectives

Photo: depositphotos.com

Retailers close thousands of stores after falling sales and fewer buyers over several years.

The following is a complete list of 6 403 branches that will close before the end of 2017.

According to many analysts, the retail apocalypse in the United States was to be expected, since the number of stores per capita significantly exceeds any other country.

Attendance at shopping centers has declined over the years with the growth of e-commerce.

Between 2010 and 2013, Americans started to walk less in 50% shopping centers. People began to visit restaurants more often, travel and spend money on technology. Less money goes to clothing and accessories.

Due to the closure of many stores, the same fate awaits shopping centers. In order to reduce losses, they will have to quickly find a replacement for the tenant of a massive retail space, which is almost impossible.

This can have serious consequences for shopping centers, where it is more difficult to turn empty space into apartments, according to analysts. Real Estate Research Firm Green street advisors estimates that about 30% of all shopping centers fall into this category. And this means that almost a third of all shopping centers are in danger of dying out as a result of the closure of stores.

Blame the Internet?

Not so simple. RetailTouchPoints gathered expert opinions and indicate that they are closing because:

- In the USA - 2,18 square meters of retail space per person, compared to 1,52 square meters in Canada and 1,03 square meters in Australia - the next 2 countries with the highest level of retail space per capita, according to the October report Morningstar.
- many objects were built in the 50-60-70s and are simply outdated morally and physically, it is unprofitable to rebuild them and it is easier to close them;
- in 2016, there was a 1221 shopping center in the USA, which is 300% more than in 1970 - too many unnecessary objects;
— traffic in cities is changing, many new roads, junctions and neighborhoods have been built in recent decades, and some objects are simply “on the sidelines.” Many shopping centers were built for certain anchor tenants and did not survive their departure;
- trite competition increases;
— customer preferences change and not everyone has time to comply;
— new shopping centers include public spaces, restaurants, apartments and much more, which creates a center of attraction;
In this regard, the development of online trading as a reason for "mass closures" acts as a scapegoat and a convenient reason, covers the incompetence and conservatism of retailers and developers.

What does the store expect?

According to the idea of ​​“store as a platform” - a place to create relationships and a concentration of value, convenience and accessibility, will help retailers to attract customers. Retailers will seek to cover as many needs as possible in their spaces. The store will be a hairdresser, pharmacy, clinic, etc.

Read also on ForumDaily:

Personal experience: I work as a cashier at Walmart

Eight Tips to Save in American Stores

Personal experience. How to save in the US

Ten Little-Known Ways to Save at Costco

Six Ways to Save on Shopping at Amazon

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.