Myth of store closures?

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Sep 2017
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A recent report based on US Census figures shows, apparently, that more stores have been opened then closed in the US in 2017. The numerous articles highlighting closures by big-name companies are misrepresenting the facts: for each company closing a store, 2.7 companies are opening stores. Over 2017 so far, there has been a net increase in store openings of 4000. The net increase apparently also applies to the department store sector. The store is still as relevant as ever.


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