Store Closures: Why that can be (and needs to be) a good thing
/Retail real estate per capita in the United States is approximately 25 square feet. How does this compare to other countries? France, Germany, the United Kingdom, and Japan are all less than 5 square feet per person. Australia is 11 square feet per person and Canada is 16 square feet per person. Some say the United States is over-retailed while others say we are under-demolished. Regardless of how you choose to describe the situation, there is no question that retail supply in the United States far exceeds demand.
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