Are store closings and retailers shrinking footprints leading to the downfall of the retail industry? Don’t bet on it. Office Depot and JLL Retail’s CEO Greg Maloney weigh-in along with ICSC’s Jesse Tron who says, closing underperforming stores is business as usual for many retailers during this time. It’s nothing more than the retail life cycle in action. Last year the industry added a net of over 1,000 new retail establishments.