Over 200,000 major retail stores expected to close this year!
NEW YORK - February 19, 2009 - About 220,000 stores may close this year in America, according to retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it's clear there's too much retail space. Just visit deadmalls.com and track retail's growing body count to see for yourself.
Davidowitz says that luxury retailers are on "life support".
Among the brand name stores Davidowitz says are in trouble:
- Nordstroms
- Neiman Marcus
- Tiffany
- Zale Corp.
- Saks
- J.C. Penney
- Sears
