National study predicts up to 25,000 retailers could close this year

A new national report predicts that a record of up to 25,000 retailers could close this year across the U.S. as Covid-19 continues to rattle the market.

The grim prediction by Coresight Research showed a coming tidal wave of retail failures compared to last year, when 9,821 retailers went under.

Much of the hit is expected in malls, where about 60% of the closings will be centered, Coresight officials said. Several chains including Stage Stores, Pier 1, Tuesday Morning and J.C. Penney — all…