Investment advisor The Motley Fool has flagged 17 major national retail chains as being at risk of failure in 2018, including giants like Sears, JCPenney, and Barnes & Noble, as well as some slightly smaller (but still large) chains, such as J. Crew, Payless, and Nine West.
As we have pointed out before, national retail chains often close outlets not because market demand for their goods and services has disappeared but because there is some problem with the company's overall fundamentals (such as adding new outlets at a financially unsustainable rate). When a chain store closes locally, it could represent an opportunity for one or more locally owned downtown businesses to make a play for the purchases local shoppers might otherwise have made at the chain. Want more information on how your downtown might take advantage of these potential opportunities? Contact us.