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Retail's toughest year: A record for store closings

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CNNMoney reports 2017 was the toughest year yet for brick-and-mortar retailers.

During the year, store closing announcements more than tripled to about 7,000, a record, according to retail think tank Fung Global Retail and Technology.

BankruptcyData.com reports retail bankruptcy filings totaled 662 in 2017, a 30 percent increase from 2016.

Read more from CNNMoney.

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