Why Retail Investors Shouldn't Panic About Macy's Store Closures
Retail investors have had serious concerns for several years about the potential impact of e-commerce on physical retail. Then the pandemic happened, and a record 12,200 stores closed in 2020 alone, according to commercial real estate firm CoStar Group.
But then things began turning around quickly as people started getting out more. Last month, global advisory and research firm Coresight Research announced that as of Dec. 16, only 5,079 stores had closed in 2021 -- and that number was actually outpaced by the 5,080 stores that opened during the same period.
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Source Fool.com
