Through the third quarter of 2010, retailers closed approximately 4,680 stores, according to ICSC statistics. That puts the industry on pace to surpass 2009’s total of 4,811, but finish below the 2008 peak of 6,913 closings.
Retailers announced 4,330 closings during the first six months of the year--the most on record. But the pace of announcements closed considerably starting in July.
Source: ICSC Research