Some records are better left unbroken.
Nobody wants the record for most times left at the altar, or to put it into 2025 terms, no worker wants to wear the crown of “person laid off the most in the past year.”
In retail, however, a bleak 2024 set the table for an even darker 2025.
Following a spike in stores closures in 2024, closures are expected to escalate further this year to approximately 15,000, Coresight Research, the leading research and advisory firm specializing in retail and technology, shared in a January press release.
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Coresight shared a number of other data points as well: