It’s always a sad thing when a local shop closes, and that’s especially the case when that spot has been open for decades. After being part of the community for so long, it’s really heartbreaking to see a local store announce that it’s closing its doors for good.
According to Costar News, Coresight Research reported that it was tracking 5,822 store closings as of June 27 of this year, “representing an estimated 123.7 million square feet of retail space.” They add that it’s “outpacing the 3,960 announced store openings, totaling 74.5 million square feet, during the same period.”
“At the start of the year, Coresight predicted there would be a record of roughly 15,000 store closings and 5,800 openings for all of 2025,” Costar News adds…