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Thousands of Stores Likely to Close in 2012

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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