Getty/Scott Olson
Retailers are closing thousands of stores following years of declines in sales and customer traffic.
Bankruptcies accounted for a large chunk of the stores that have closed or are closing. But a tough physical retail environment stemming from steeper online competition is also being blamed.
We compiled a list of the 8,053 closures that were announced in 2017.
Radioshack — 1,430 stores
Akin Oyedele/Business Insider
Radioshack filed for bankrupcy in 2017, and announced it will close all its stores.
Payless — 900 stores
Getty/ Justin Sullivan
Payless also filed for bankrupcy this year, announcing the closure of about 900 stores.
Ascena Brands — 667 stores
Flickr / Mike Mozart
Ann Taylor’s parent brand announced hundreds of store closures to close over the next two years. About 250 locations either are to close or all arleady closed, with more than 400 slated to close if rents aren’t renegotated.
See the rest of the story at Business Insider
