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Stores Closing Despite Economic Growth

Mike Petrucci/Unsplash

Stores are closing at an epic pace in America, this despite the fact that economic performance has improved recently and that we are in the midst of an eighth year of economic recovery. 

As reported by CNNMoney, brokerage firm Credit Suisse recently indicated in a research report that it is possible that more than eighty six hundred brick-and-mortar stores will shutter their doors in twenty seventeen.  By comparison, the report says that only about two thousand stores were closed last year.  

With more, Anirban Basu.

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.