The closure of more than 300,000 retail stores between 2008 and 2009 as a result of bankruptcy provided a new retail growth format: recycled merchandise retailers.

Question

Quizplus · Accepted Answer

The statement overstates the impact of the 2008-2009 economic downturn on retail store closures and the direct correlation to the growth of recycled merchandise retailers. While the economic downturn did lead to an increase in store closures and bankruptcy filings, and possibly contributed to the growth of second-hand and recycled merchandise retailers, the specific number of closures and the direct causation presented in the statement is not accurate or too simplified to describe the complex retail industry dynamics.

The Closure of More Than 300,000 Retail Stores Between 2008