Scott Rasmussen's Number of the Day for April 30, 2018
The Number of the Day columns published on Ballotpedia reflect the views of the author.
April 30, 2018: A total of 8,640 U.S. retail stores closed in 2017 as part of what some call a “retail apocalypse.”[1] Despite the recovering economy, that’s nearly five times the number of store closures four years ago. In fact, the number of store closures in 2017 is higher than during the peak of the financial crisis in 2008.
The impact will ripple through the economy in many ways. Credit Suisse estimates that up to 25% of all U.S. malls will close within the next five years. The mall closures will have a significant impact on chains such as J. C. Penney and Macy's. More than 10% of their stores anchor what Credit Suisse calls weak malls.[2]
A report by the Retail Performance Company identifies the reason for the decline in retail stores. “E-commerce offers more comfort, transparency and a larger product range. In homes all around the world, customers fll their digital baskets sitting comfortably on their couches or they shop with their smartphone while they are commuting to work.”
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology.
- April 27, 2018 – 52 percent of college students oppose speech codes at their school
- April 26, 2018 – 75 billion dollars of legal cannabis sales in U.S. by 2030
- April 25, 2018 – 39 percent of Americans want government to restrict online information
- April 24, 2018 – 46 percent growth in number of home health aides since the recession
- April 23, 2018 – 13 percent of term-limited state legislative seats flip parties on Election Day
- To see other recent numbers, check out the archive.
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Columns published on Ballotpedia reflect the views of the author.
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