Key insights:
- Amazon might be motivated to find more retail opportunities after Walmart's successful Q1.
- If Amazon does acquire shuttered retail spaces, it would be an entire takeover instead of what happened with Whole Foods.
In its 2020 U.S. Store Closures report, research and advisory firm Coresight Research estimated that there would be 20,000 to 25,000 store closures this year, up from a record 9,800 in 2019.
This story first appeared in the June 15, 2020, issue of Adweek magazine. Click here to subscribe.
