2021 Could Be Even Worse for Brick-and-Mortar Retailers Than 2020
A lot of brick-and-mortar retailers had a tough time in 2020 as the COVID-19 pandemic forced them to close their doors to customers. Those that adapted to the new environment with online ordering and curbside pickup did relatively well as consumers shifted to e-commerce since they couldn't (or wouldn't) go in stores.
But not everyone fared so well; 2020 saw 8,741 stores across the United States close their doors, according to data from Coresight Research. And it's going to get worse for a lot of retailers in 2021.
Image source: Getty Images.
Source Fool.com
