A surge of expected store closings early this year hasn’t materialized after strong holiday sales prompted retailers to hold on to their leases in hopes of a shopping rebound.“It wasn’t the wave everyone thought it would be,” said Ryan Mulcunry, a managing director at B. Riley Financial who advises retailers.Last year, retailers announced plans to shutter a record 12,200 stores, according to CoStar Group.
Retailers Hold On To Stores, Hoping For A Surge Of Shoppers
Bloomberg News, The Gazette (Cedar Rapids)
Wed, 02/10/2021 - 12:22pm
Sections: u.s.
Topics: Iowa Linn County Cedar Rapids
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