Closures news and trends

More Main Street SMBs Face Permanent Closures
SMBs // July 22, 2020

It would be much easier to name all the segments not hit hard by COVID-19 and the subsequent economic chaos it has unleashed than it would be to name all those that have been. But as is often the case during times of economic turbulence, the costs are...

Apple Stores Unlikely To Reopen Before 2021
Retail // July 14, 2020

Apple Inc. employees and shoppers who expected to see the California-based technology giant reopen its stores this summer got some bad news. In a video conference call with its workforce last weekend, Deirdre O’Brien, Apple’s senior vice president of retail and people, encouraged employees to...

California Goes Back Under Lockdown
Coronavirus // July 13, 2020

The number of coronavirus cases in the U.S. surpassed 3.3 million on Monday (July 13) as the nation’s death toll exceeded 135,000, according to Johns Hopkins University. For the fifth consecutive day, Florida reported more than 12,000 new coronavirus infections, and in California, Gov. Gavin...

Economists Say 68 Pct Of Unemployed Workers Collected More Than Their Regular Wages
Economy // July 12, 2020

In three weeks, the $600 federal jobless benefit that has been added to the state’s unemployment checks will end. These payments have put $18 billion a week, a total of $288 billion for 16 weeks, into the world’s largest economy since the COVID-19 crisis began....

Quick Reads
Coresight Expects Up To 10K Retail Stores To Close In US This Year

January 28, 2021
A retail industry researcher and forecaster issued a report on Thursday (Jan. 28) saying that as many as 10,000 stores could close in the U.S. in 2020. On the upside, U.S. store openings could reach 4,000 this year, with the big winners being grocery discounters and dollar-store chains. Coresight said that as of Jan. 22, […]

Apple Stores Unlikely To Reopen Before 2021

July 14, 2020
Apple Inc. employees and shoppers who expected to see the California-based technology giant reopen its stores this summer got some bad news. In a video conference call with its workforce...

California Goes Back Under Lockdown

July 13, 2020
The number of coronavirus cases in the U.S. surpassed 3.3 million on Monday (July 13) as the nation’s death toll exceeded 135,000, according to Johns Hopkins University. For the fifth...

Economists Say 68 Pct Of Unemployed Workers Collected More Than Their Regular Wages

July 12, 2020
In three weeks, the $600 federal jobless benefit that has been added to the state’s unemployment checks will end. These payments have put $18 billion a week, a total of...