10 Retailers Closing the Most Stores
With the growth of e-commerce still outpacing the overall growth of brick-and-mortar sales, retailers are continuing to close stores. While total U.S. retail sales grew 3.7 percent in the fourth quarter of 2014 compared to the same quarter in 2013, e-commerce sales jumped 14.6 percent in the fourth quarter. One year earlier, total sales grew 3.8 percent year-over-year, while e-commerce sales increased 16.0 percent. As e-commerce increasingly grabs a larger share of retail sales, several major retailers are reducing their physical presence, including department stores and specialty retailers such as clothing stores, bookstores and electronics outlets.