Sunday, May 3, 2015

6,000 Retail Stores Closing

If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes?

http://theeconomiccollapseblog.com/archives/major-u-s-retailers-are-closing-more-than-6000-stores

Perhaps the store closures are being driven by online sales.

But even if they are, I don't think it's a good thing. Lots of jobs were lost with the closure of 6,000 stores, and I doubt that enriching Jeff Bezos balanced out that loss.

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