Even though the number of retail store openings by major U.S. retail industry chains is expected to far outnumber the number of store closings in the 2011 calendar year, both large and small retail chains will still be struggling to hold onto their domestic retail presence, keep stores open, and grow sales and turn a profit. The number of U.S. retail industry store closings planned for 2011 will not be insignificant, particularly in an economy that is still plagued by high unemployment.
Many experts believe that the number of retail establishments per capita in the United States was excessive even before the economy recessed. According to the 2007 Economic Census, there were 1,122,703 retail establishments in the United States and a total of 14.2 billion square feet of retail space. That means that there is approximately 46.6 square feet of retail space per capita in the U.S., compared to two square feet per capita in India, 1.5 square feet per capita in Mexico, 23 square feet per capita in the United Kingdom, 13 square feet per capita in Canada, and 6.5square feet per capita in Australia.
What follows is a complete, updated, and ongoing list of retail chains that are closing stores, downsizing their chains, or going out of business in the 2011 calendar year.
>> Complete 2011 Retail Store Closings List >>
2011 Retail Store Closings Arranged Alphabetically >>
- Complete 2011 Store Openings List
- 2009 Store Closings
- 2010 Retail Industry Chapter 11 List
- 2010 Store Openings
- 2010 Global Store Openings
- Publicly Traded Retail Companies - Complete List
- >> See also complete 2010 Retail Store Closings List >>
- >> Compare to 2010 Retail Store Closings Arranged Alphabetically >>
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