Economy Watch Weekly: Store Closures to Accelerate in 2018

With certain retailers at risk of facing bankruptcy, the sector is expected to face a record number of store closures in 2018. Economy Editor Dees Stribling examines the implications, for the week ending Dec. 29, 2017.

CPERadioDespite coming off of the best holiday sales season since 2011, the retail industry is still expected to face a wave of store closures in 2018. A record 12,000 retail stores could close this year, as certain retailers are at risk of going bankrupt, surpassing the expected 9,000 closures in 2017, according to Cushman & Wakefield Vice President Garrick Brown, speaking at a recent presentation. Economy Editor Dees Stribling discusses the implications of these closures , for the week ending Dec. 29, 2017.