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Retailers Hold On to Stores in Hopes of Surge of Shoppers

  • Stronger-than-expected holiday sales give companies boost
  • ‘It wasn’t the wave we thought it would be,’ adviser says
A worker dresses a mannequin at a store in Mobile, Alabama.
Photographer: Maranie Staab/Bloomberg
Updated on

A surge of expected store closings early this year hasn’t materialized after strong holiday sales prompted retailers to hold on to their leases in hopes of a shopping rebound.

“It wasn’t the wave everyone thought it would be,” said Ryan Mulcunry, a managing director at B. Riley Financial Inc. who advises retailers.