[proxy_user]

This number is meaningless without comparing it to the number of new stores opened.

[PeterPrinciple]

https://www.cnbc.com/2021/03/21/store-openings-2021-10-retailers-that-are-opening-new-shops.html

U.S. retailers have announced 3,199 store openings and 2,548 closures year-to-date, according to a tracking by Coresight Research. For comparison, the firm recorded a whopping 8,953 closures, along with 3,298 openings last year,

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2021 data but it illustrates your point.