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Friday, July 17, 2015

‘Apocalypse’: Big retail shuttering at record pace

Closings just tip of economic woes

The White House may continue to insist the economy is on an upward path with full recovery very near, but retail tells a different story, with so many big box outlets shuttering or poised to shutter, business watchers are predicting an “apocalypse” is imminent.

And as retail goes, so go the jobs.

The blog Natural News reported popular outlets like Abercrombie & Fitch, Barnes & Noble, Chico’s, Children’s Place, Coach, Fresh & Easy, Gymboree, JCPenney, Macy’s, Office Depot, Pier One and Pep Boys are just a handful of corporations that have announced permanent closings of some stores.

Business groups see 2015 as a crucial year to watch.

“Many others are names as soon-to-be casualties in what some news sources are now referring to as the coming ‘retail apocalpyse,’” Natural News said. “The Economic Collapse Blog pins 2015 as a significant ‘turning point’ for the U.S. economy, ominously warning that at least 6,000 retail store locations are expected to close this year based on company announcements. Many American consumers are already witnessing the birth pangs of this retail apocalypse as brick-and-mortar department, specialty, and even food shops close their doors for good.”

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6 comments:

Anonymous said...

Sears, JcPenney and Radio Shack have been on death watch since the recession started. Wonder if this might be the year. Kmart also

Anonymous said...

And Amazon's booming gotta get with the times
only one at the bury mall is a buncha bums not spending money

Anonymous said...

pack up people , get your canned goods now , I will survive , let me tell you folks , it's gonna get rough , plenty of ammo ?

Anonymous said...

Get ready and put your money in a safe place at home.

Anonymous said...

Macy's in Salisbury will be next.

Anonymous said...

Cheap crap is all we get now..made in commie china....they took ours jooobs.