As we noted in an earlier post, the “retail apocalypse” was upon us well before the COVID-19 pandemic, but it seems every week brings us more unfortunate news regarding retail closures. Please take a few moments to read through this list of 6,300 stores that have announced closures this year as well as a link to a running list of reported retail bankruptcies.

Sorry for a somber update, but this helps illustrate why walkable, mixed-use redevelopment is beneficial to communities and is truly the future of development.

Scottsdale Quarter mixed-use development, designed by our architect, Nelsen Partners

A running list of closures and the state of the retail industry can be found below:

https://www.retaildive.com/news/jc-penney-looks-to-close-144-more-stores-as-progress-on-sale-grinds-slowl/586760/

https://www.retaildive.com/news/retail-on-pace-for-the-most-bankruptcies-and-store-closures-ever-in-one-yea/586074/

https://rebusinessonline.com/80000-us-retail-stores-predicted-to-shut-down-by-2026-ubs-reports/?oly_enc_id=2804A1422378E9W