The Phaserl


Major Chain Stores Shutting Down as America Faces “Birth Pangs of Retail Apocalypse”

by Mac Slavo, SHTFPlan:

Reduced consumer spending is heralding a looming economic downturn, if not collapse, with an unprecedented shutdown of major box stores, restaurants and grocers underway. It doesn’t bode well for the millions of Americans who are already seriously struggling, and will only accelerate the death of the middle class.

Along with this massive shrinkage of the retail sectors will go thousands of jobs. Natural News reports:

There is chatter across the web about dozens of major retail chains that are expected to permanently shutter a large number of their store locations this year. Popular names like Abercrombie & Fitch, Barnes & Noble, Chico’s, Children’s Place, Coach, Fresh & Easy, Gymboree, JCPenney, Macy’s, Office Depot, Pier One, Pep Boys, and many others are named as soon-to-be casualties in what some news sources are now referring to as the coming “retail apocalypse.”

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1 comment to Major Chain Stores Shutting Down as America Faces “Birth Pangs of Retail Apocalypse”

  • Jerry

    This is old news from the beginning of the year. While on the surface it does not look good, some people (fear mongers) are making a bigger deal at of this than it is. About half of the 6,000 stores that are to be closed are because of Radio Shack, which has struggled for over ten years, and because of mergers such as the Dollar Tree and Family Dollar. These 6,000 stores represent only about 3% of the total stores. And of course some of them are opening up new stores in more profitable areas. And let us not forget how internet sales are growing. But this is what happens when you build lots of stores. Some are gone to fail especially when the economy is not really growing and people are using the internet more to make purchases.

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