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US retailers still facing glut of stores despite holiday sales rebound
Published Sun, Jan 21, 2018 · 09:50 PM
New York
EVEN after the strongest holiday season in a decade, US retailers still have a big problem: way too many stores.
That's the view of participants last week at the National Retail Federation's trade show, where industry experts predicted that chains will extend their record-setting run of store closings in the coming years as they struggle with heavy debt burdens and shrinking shopper traffic.
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