According to a recent The Center Square Voters’ Voice Poll, more companies declared bankruptcy and shut down operations this year, citing inflation and high costs. Shoplifting is part of the high costs.
Unfortunately, inflation will blast off due to other factors as well: wars, tariffs, Red Sea attacks, and shipping container rates.
According to Corsesight Research, over 4,600 stores closed in 2023, an 80% increase from the previous year. Other stores always manage to open, of course, but the stores closing are the stores that have had the most stability.
A recent analysis from CoreSight Research, retailers are closing nearly 3,200 stores this year, a 24% increase from 2023, CBS News reported. That’s 24% over an 80% increase in store closures. […]
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Author: Independent Sentinel
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