. Online sales, however, rose by 50% the same quarter, compared to the previous year.Shoppers can expect similar announcements to come from some of their favorite brands.
predicts as many as 25,000 U.S. stores could close this year. (For context, nearly 8,000 to 9,300 stores closed in the U.S. in 2018 and 2019, respectively.)Within the past week, reports that The Children's Place, Guess, and Signet Jewelers all announced store closures, while Victoria's Secret, Gap, and JCPenney have also confirmed they've been forced to close some of their doors due to the crisis.
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