International and National brands including department stores have been rapidly closing. When the E-commerce industry thrived, traditional physical stores suffered greatly. At record-breaking speed, retailers with physical stores have closed their businesses and sadly this trend is expected to rise in 2020 which will affect all types of businesses from clothing lines, homes goods to electronics as they face massive declines.
Closing
Payless
Payless ShoeSource is shutting over 2,500 stores and has the highest number of store closures compared to all other businesses that will close this year. In order to get rid of their goods and liquidate, clearance sales are still ongoing. Whilst stores will close at the end of March, a few stores will remain open until May.
Payless
