The time has come for some to scale back and retrench
Following one of the best holiday seasons in years, retailers are coming into 2019 with some tailwinds. Consumer confidence remains high, and unemployment and gas prices are low. However, that rising tide has not lifted all boats. Department store stocks broadly fell as the sector’s holiday results disappointed, and retail chains are also facing challenges from the government shutdown and tariffs on Chinese imports. E-commerce also remains a threat as the online channel continues to take market share from brick-and-mortar retail.
Therefore, shoppers can expect more store closures this year. Keep reading to see 15 retailers that are closing stores in 2019.
