Bloomberg reports 47,000 U.S. Stores Closed in About a Week Over Coronavirus.

In a little over a week, American retail ground to a near-total halt.

More than 47,000 chain stores across the U.S. temporarily shut their doors in 10 days as retailers took extreme measures to help slow the spread of the coronavirus pandemic that has rattled all sectors of the global economy, according to data compiled by Bloomberg. At least 90 nationwide retailers, ranging from Macy’s Inc. to GameStop Corp. to Michael Kors have temporarily gone dark.

Most have pledged to remain closed to the public for at least two weeks, but they may stay closed for much longer. In the same period, small retail businesses throughout the U.S. also hit pause on their physical locations but are not included in this list.

Timeline of Closures

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The bulk of those stores expect to open by the end of the month.

Will they?

Even if they do, when will shoppers return?

How many hours will be cut?

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U.S. Retailers Plan to Stop Paying Rent to Offset Virus

Please note U.S. Retailers Plan to Stop Paying Rent to Offset Virus

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We have a major problem brewing that the rescue package did not cover.

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