A 20-year record for store closings this year?

Drawing on data from Credit Suisse, internet marketing firm Kleiner Perkins predicts that more retail stores will close this year than they have in the past two decades. Things look grim for shopping malls, which rely on chain retailers. But there could be great opportunities for downtowns and neighborhood commercial corridors, whose businesses could see increased sales as chain retailers close. And, independently owned downtown businesses have the ability to customize their products and offer unique experiences tailored to their communities - unlike chain stores. Neil Blumenthal, one of eyeglass retailer Warby Parker's two CEOs, recently said, "I don't think retail is dead. Mediocre retail experiences are dead."