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Retail apocalypse: Major chains closing 6,000 stores

Big names plan to shutter outlets from coast to coast

WASHINGTON – The long feared “retail apocalypse” may be hitting with little or no fanfare if a growing list of store-closing plans by major chains is any indication.

Major U.S. retailers have announced the closing of more than 6,000 stores from coast to coast. The list includes only those retailers that have announced plans to close more than 10 outlets this year and next.

For example, 1,784 Radio Shack stores are vanishing, 400 stores in the Office Depot/Office Max chain by 2016, and 340 Dollar Tree/Family Dollar stores.

The growing list of stores getting shuttered coincides with the decline in discretionary consumer spending over the past six months.

“Expect to see more storefronts closed at malls across the country,” one retail watcher told WND. “It’s getting ugly out there.”

“Killing Wealth, Freeing Wealth: How to Save America’s Economy and Your Own” probes the federal government’s reckless destruction of the great American entrepreneurial dream.

Another factor, the source said, is that Americans’ credit is maxed out – a problem that will impact holiday season sales later this year. Add the demand of rising taxes, housing and health-insurance costs and you’ve got a formula for belt-tightening across the board.

Expected to be hit hardest by the trend are poorer- and lower-middle class neighborhoods. The recent riots in Baltimore are expected to make retailers even more skittish.

 

Some more of the worst-hit retailers include Wet Seal (338 stores), Deb Shops (300), Barnes & Noble (223 stores), Children’s Place (200 stores), Walgreens (200 stores) and Abercrombie & Fitch (180 stores).

See the complete list compiled by retail industry expert Barbara Farfan here.

http://www.wnd.com/2015/05/ret...ains-closing-stores/
 
 
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Jack Flash posted:

"Let's be fair, it's not so much what politicians do unto us as what we do to ourselves:"    STANKY.

mobumer has damaged us, killed some, far more than we have
done to ourselves, In general. Now there's always the Dr. Phil
crowd and idiots, but has the country ever been in this much
over all trouble..?? 

Has a president ever done this much damage to the country? Carter maybe?

giftedamateur posted:
Jack Flash posted:

"Let's be fair, it's not so much what politicians do unto us as what we do to ourselves:"    STANKY.

mobumer has damaged us, killed some, far more than we have
done to ourselves, In general. Now there's always the Dr. Phil
crowd and idiots, but has the country ever been in this much
over all trouble..?? 

Has a president ever done this much damage to the country? Carter maybe?

There are several times including the War for Independence, the War of Northern Aggression (to quote my great grandmother) and WWII.  However, in an ostensible peace time, I can't think of a president who took our nation in a bad time and proceeded to make it worse -- much worse.

Jack Flash posted:

"Let's be fair, it's not so much what politicians do unto us as what we do to ourselves:"    STANKY.

mobumer has damaged us, killed some, far more than we have
done to ourselves, In general. Now there's always the Dr. Phil
crowd and idiots, but has the country ever been in this much
over all trouble..?? 

I responded to the economic issues, and I might note that it was the American electorate who voted the idjit and other incompetents into office; so yes, we did self fornication upon ourselves. I might also note it was the public's own greed that produced the Great Depression and also the last mistake with putting people in houses they couldn't afford or using our over priced homes as collateral for our expensive toys.

That said, those people with socialist agendas "we the people" voted into office or were appointed by the elected idjits have done and are still doing great damage with business damaging regulations, vote buying new entitlements, suicidal foreign treaties, and far too many things to list. The first thing the public must learn to do is to learn how to live within its means and then only elect politicians who do the same and then maybe the National Debt will stop growing faster than kudzu. Also the voters need to take some responsibility for their own security and vote for those politicians who understand those values and maybe the borders and world bullies will quiet down.

 

 

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