Store closures in the U.S. are proceeding at a furious pace and could hit 12,000 retail locations by the end of 2019, according to a new report by Coresight Research. Through 15 weeks of 2019, Coresight had tracked the closings of 6,378 stores, more than the 5,864 store closures in all of 2018.
The square footage of retail space per person in the U.S. is far beyond the space in comparable economies, Coresight notes, with 23.5 square feet of retail space per person here, compared to 16.4 square feet of retail space per person in Canada and 11.1 square feet of retail space per person in Australia.
Comic and game stores appear to be bucking those overall trends, with devoted customer bases and reasons to visit the stores beyond acquiring products, such as gaming in game stores and acquiring key product information in both game and comic stores.
And there may be a bright spot in the behavior patterns of Generation Z consumers, who seem to be gravitating to brick and mortar stores according to a new report by ICSC. Over 75% of Gen Z consumers say that shopping in physical stores is a better experience than shopping online, according to the report, with Gen Z the age cohort that visits shopping malls most often. Gen Z consumers cite the opportunity to socialize, to physically see items and to get them immediately as their top reasons for shopping in retail stores.
According to New Study
Posted by Milton Griepp on July 5, 2019 @ 9:23 am CT
MORE COMICS
Launching in February 2025 with Extra-Long First Issue, Alex Ross Cover
November 15, 2024
The extra-long first issue will be out in February 2025 and will feature a cover by Alex Ross.
From Marvel Comics
November 15, 2024
This January, Marvel's mutant sorcerer headlines her first solo ongoing series in Ashley Allen and Germán Peralta's Magik !
MORE NEWS
An ICv2 Retailer Resource
November 15, 2024
This ICv2 calendar tracks the release dates of Yu-Gi-Oh! TCG sets announced by Konami Digital Entertainment.
Launching in 2025; HBO Series in the Offing
November 15, 2024
The new DC Comics All In title will launch in 2025, well ahead of the planned HBO Lanterns series.