By  on July 3, 2017

Fung Global Retail & Technology’s latest read on U.S. retailing has 2017 on track to see about 9,452 store closings, which compares to 6,164 units shuttered in 2008 amid the so-called Great Recession. This represents a 53 percent increase in closures and comes despite a large number of store openings from retailers such as Dollar General, Dollar Tree and Aldi.

Managing director Deborah Weinswig said in her report that year-over-year store closings are up more than 160 percent. The projection for total closings this year represents a year-over-year increase of more than 360 percent.

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