Thousands of Stores Likely to Close in 2012
Low consumer confidence and continued economic uncertainty are likely to bring about 5,000 store closings in 2012 , according to Michael S. Wiener, president and CEO of Excess Space Retail Services Inc., a national consulting and advisory firm specializing in disposition and lease restructuring. And Wiener says, this does not include closings related to bankruptcies and liquidations.
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