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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?
That is why it is so vital to prepare yourself financially, mentally, emotionally, physically and spiritually for the great storm that is coming ahead of time. Over the past couple of years, I have been working on a new book entitled “Get Prepared Now” which talks about how to make these preparations. On Wednesday, it was finally released to the public. I hope that you will check it out.
originally posted by: Shamrock6
Companies closing brick and mortar locations isn't really what I would use as a barometer for economic stability.
Nearly 1/3 of the "6,000" stores closing is from radio shack. So one defunct, losing money in every possible way, company accounts for a large chunk of that number.
Online sales continue to trend upward in each quarter from year to year. If online sales are going up and brick and mortar sales are going down, it doesn't make much business sense to hold on to brick and mortar locations just so people can have a job. Businesses are, by and large, out to make money. Not provide welfare. Not sure how they're supposed to keep paying people to stand around in a store that isn't making enough money to keep its lights on. Multiply that across 300 locations that are all losing money year in and year out and eventually the entire company shuts down, not just some of the store locations. But hey, those people got a few extra pay checks so I guess it's worth it?
originally posted by: grandmakdw
Could be that many people don't shop in stores anymore.
Even, I, old Grandma do a great deal of my shopping online now.
No store needed.
Businesses are, by and large, out to make money. Not provide welfare.
originally posted by: onequestion
Start buying houses and new cars and furniture millenials, your conservative ways are literally crushing the economy. So what if no one will pay you more than 13 an hour figure it out. Start a factory or something and manufacture some products.