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Store Closings Are Racking Up

Gap and Lowe's are both closing stores. Will there be more retail store closings to come?

By Ian Ritter | Updated on October 19, 2011

We usually don’t see this until after the holiday season, but two major retailers recently announced some pretty serious store closings. Gap is closing 189, or 21%, of its namesake stores, while Lowe’s is shutting 20 stores.

This takes place after the collapse of Borders, Blockbuster’s demise and closings by GameStop, Foot Locker and others. This may not be as bad as a few years back when we lost Circuit City and Linens ‘N Things, but it isn’t looking good.

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