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According to researchers, as many as 10,000 retail stores will be closing in the United States due to the pandemic, which sets a new record; now, as the pandemic continues to take a toll on the retail industry, companies have to decide which store locations to keep open.

Coresight Research said in a study released Thursday that 10,000 closures would mark a 14% uptick from 2020 levels. In  2021, Coresight expects 4,000 store openings, driven by a rise in grocery discounters and dollar store chains.

In June of last year, Coresight estimated that there would be as many as 25,000 retail closures in 2020. Instead, they reported 8,741 closures and 3,304 retail openings, which was a decrease from the 9,832 closures reported in 2019, and the highest number of retail closings and openings Coresight has seen.

Coresight said that the cause for the massive gap between the final count and its original estimate was that some businesses were “holding out for an upturn in store-based sales.” Several retailers have been trying to buy more time by lowering rent and negotiating deals with their landlords to remain open a little longer.

“In 2021, the rollout of Covid vaccination programs should result in a partial recovery in store-based sales,” Coresight CEO and Founder Deborah Weinswig said. “However, these programs may take many months to reach a wide base of consumers.”

Weinswig said most companies won’t be able to wait, especially the retailers who didn’t have their usual holiday season to look forward to. Another reason for the increase in store closures is that consumers continue to spend money online.

Coresight said that Bed Bath & Beyond, Macy’s, and J.C. Penney are among the 1,678 retail closures in the US as of Jan. 22. Weinswig also pointed to a retail industry pattern after the Great Recession, which could repeat itself this year.

“Although retail was significantly impacted in 2008 and 2009, the repercussions in terms of retail bankruptcies peaked in 2010,” she said. “We could see history repeat itself in 2021, resulting in greater numbers of store closures this year than we saw in 2020.”

In 2020, Coresight said apparel retailers, including Ascena Retail Group and The Children’s Location, accounted for 36% of all shop closures–more than 3,000. This year, too, the fashion group would probably make up a large portion of closures, it said.

Research released earlier this week by First Insight found that 40% of customers expect to shop for clothing in brick-and-mortar stores after being vaccinated, either the same amount or less, suggesting that there will be no immediate rush back to the mall.

 

 

 

 




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California Man Tries To Bury His Wife Alive On Coronado Beach

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Cops arrested a man who attempted to bury his wife alive during a violent attack at a California beach Thursday night.

According to The New York Post, cops responded to a 911 call from the woman just before 9 p.m. She told the police that her husband had just tried to kill her on Coronado Beach.

Twenty-three-year-old Jose Luis Mares III was arrested for attacking his wife after the couple got into an argument that quickly escalated to violence while they were at the beach.

Cops told KSWB that Mares III originally tried to throw his wife out into the surf before bringing her to a lifeguard tower, where he tried burying her alive in the sand.

“She said there was a hole in the ground, and the hole had previously been there from probably kids digging it during the day,” Detective Ryan Brennan of the Coronado Police Department told the news outlet. “But during the struggle, she said he threw her in that hole when he began putting sand on top of her.”

The suspect kicked his wife repeatedly and then suddenly stopped and fled. That’s when the courageous woman ran toward Ocean Boulevard, where a passerby found her on the sidewalk and alerted authorities.




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O-T Fagbenle To Play Barack Obama In Reoccurring role on Showtimes

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In the upcoming Showtime anthology series “The First Lady,” O-T Fagbenle has been cast as President Barack Obama, in a recurring role.

Fagbenle will be starring alongside Viola Davis, who’s going to be playing First Lady Michelle Obama. The show is characterized as a re-framing of American leadership, told at the heart of the White House through the lens of women. Michelle Pfeiffer as Betty Ford, Gillian Anderson as Eleanor Roosevelt, and Aaron Eckhart as President Gerald Ford will all star in the first season.

Obama served as the United States’ first African American and 44th president from 2009 to 2017. Barack, a member of the Democratic Party, married Michelle Robinson in 1992 before becoming a senator for the state of Illinois in 2005.

Most recently, Fagenle starred as Luke Bankole in The Handmaid’s Tale, the critically acclaimed Hulu film. He will be seen in the Marvel movieBlack Widow” opposite Scarlett Johansson. He has a long television background, and he created, wrote, directed, composed, executive produced and starred in the original series “Maxxx” for Channel 4 and Hulu in April 2020. “The Five,” “The Interceptor,” “Looking,” “As If,” and “Doctor Who” are among his other credits.




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Fans Get First Look At New HBO Documentary ‘Tina’ Based On Iconic Singer’s Life And Career

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Fans are receiving the first look at HBO‘s documentary centered around the life and music career of iconic singer Tina Turner.

On Tuesday, HBO dropped the official trailer for the documentary “Tina.” According to People, the documentary will start at the beginning of her childhood. “My mother used to sit in the window of the kitchen when she was making dinner on Sundays. I used to just watch her. She was just so pretty,” the 81-year-old says in the trailer. “One day, she wasn’t in that window. She was never in it again,” said Tina referring to the moment her mother left her family to get away from the abusive relationship she had with Turner’s father.

“I wanted her to come for me. I waited, and she never did. And it’s alright — you know why?” she adds. “I’m a girl from a cotton field that pulled myself above the destruction and the mistakes. And I’m here for you.”

The documentary was directed by Dan Lindsay, T.J. Martin, and Lightbox. In the description, the doc is described as a “revealing and intimate look at the life and career.” “Tina” will include interviews with Tina in her hometown of Zurich, Switzerland, along with new footage, audiotapes, and personal photos of the songstress.

Hollywood greats like Oprah Winfrey and Tina Turner – who played her in the hit film “What’s Love Got to Do with It” – will also be featured in the documentary. The doc will hit HBO on March 27.




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