Survey Indicates Fewer Retail Closures in 2018


According to a new survey from J.P. Morgan Chase, 2018 is expected to yield fewer store closures than 2017. Nearly 50 percent of all respondents expressed confidence in the forecast, while 34 percent of those polled indicated the opposite. More than 20 percent estimated the year would mirror 2017 in terms of closures.

wwd.com reports that an estimation from credit ratings agency Moody’s Investors Service foresees that apparel and footwear retailers could see zero square footage growth this year—an improvement from a 2.6-percent decline in 2017. Moody’s also projected that department stores will shrink their square footage the most in 2018 at a rate of 3.6 percent, which is also a more promising reading than the 6.2-percent drop they experienced last year.

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