The tsunami of store closures is doubling in size

About 2,000 store closures have been announced just within the last six weeks, bringing the total number of planned closures this year to nearly 5,100.

That number is expected to keep growing, and reach more than 8,600 before the end of the year, according to Credit Suisse.

“Store closings have accelerated, even in tier-one markets,” Credit Suisse analysts wrote in a recent research note.

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