After Record Store Closures Caused by the Pandemic, Legacy Retailers Look to Open Shops

For retail, hell hath no fury like a pandemic. Nearly 15,000 stores–equal to about 52 million square feet of retail space–were permanently shuttered in the U.S. in 2020, according to real estate services provider Cushman & Wakefield. That’s a new record. Closures were led by retailers such as Ann Taylor’s parent Ascena, which filed for…Read More