Retail Closings Announced

Retail apocalypse: Major chains closing 6,000 stores THE OBAMA ECONOMY 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 which have announced plans to close more than 10 outlets this year and next.

For example, 1,784 Radio Shack stores are vanishing, 400 of 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.”

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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.

See the big list: image: http://www.wnd.com/files/2015/05/Retail.jpg

Radio Shack 1784 stores

Office Depot/Office Max 400 stores

Dollar Tree/Family Dollar 340 stores

Wet Seal 338 stores

Deb Shops 300 stores

Body Central/Body Shop 265 stores

Barnes & Noble 223 stores

Children’s Place 200 stores

Walgreens 200 stores

Abercrombie & Fitch 180 stores

American Eagle Outfitters 150 stores

Target Canada bankruptcy

Jones New York Outlet 127 stores

Chico’s 120 restaurants

Pier One 100 stores

Delia’s 92 stores

Wolverine Worldwide 80 stores

Sears 77 stores

Aeropostale 70 stores

Coach 70 stores

Coco’s Carrows 70 stores

Bottom Dollar Food 66 stores

Future Shop/Best Buy Canada 65 stores

Pep Boys 63 stores

Staples 55 stores

Golf Galaxy 54 stores

Express 50 stores

Safe & Easy Grocery Stores 50 stores

Guess 50 stores

JC Penny 40 stores

Einstein Brothers Bagels 39 stores

C Wonder 32 stores

Fredericks of Hollywood 31 stores

Tiger Direct 31 stores

Kate Spade Saturday & Jack Spade 28 stores

Gymboree 26 stores

Build-A-Bear 25 stores

Cache 21 stores

Pick n’ Save 20 stores

Christopher & Banks 17 stores

Friendly’s 14 stores

Macys 14 stores

Ruby Tuesdays 13 restaurants

Just Baked 10 stores

Spartan Nash Grocery Stores 10 stores

West Marine 10 stores

Source: http://www.wnd.com/2015/05/retail-apocalypse-6000-chains-closing-stores/

Comments

As our economy declines, so does “demand” for goods and services. These stores and restaurants are closing due to lower demand in the areas where they are located. With thousands of closings, hundreds of thousands of retail jobs will be lost. Our new “refugees” will go on welfare.

Norb Leahy, Dunwoody GA Tea Party Leader