Modern retailers have definitely lost a lot when the e-commerce market boomed. We’ve seen several closures between foreign and domestic brands, as well as department stores. Many physical-store retailers have shut down their businesses at a record-breaking speed in the last few years. Unfortunately, this grim phenomenon is expected to grow in 2020, resulting in a major decline in virtually all forms of business from clothing lines to electronics and home goods. Here is a list of businesses that will close some of their stores, if not all of them, by 2020.
Say Goodbye To These Stores In 2019
Payless
Payless ShoeSource has the most number of shop closures of all companies that will be closing their shops this year. The company is closing over 2,500 stores, where clearance sales are currently underway to get rid of and liquidate their products. Although some stores will remain open until May, the other stores will close as early as March’s last week.
Payless
