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Almost 9000 Retail Stores Will Close in 2017!

Saturday, June 17, 2017 5:19
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Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

The ‘retail apocalypse’ that has hit the American market this year shows no signs of stopping. More than 300 retailers have already filed for bankruptcy, and Credit Suisse estimates a whopping 8,640 store closures by the end of this year! To give further perspective on how bad it has gotten, credit rating agency Moody’s has rated over 20 other retail companies as ‘subject to very high credit risk’. These are all American household brands: J. Crew, K-Mart, Neiman Marcus, and Sears, just to name a few.

In the following video, Right Wing News examines the impact that the ongoing retail apocalypse will have on the already squeezed American middle class. On the macro level, using retail as a gauge for how the economy is doing in general, things are looking bleak. And on the micro level, these closures mean that underserved communities will have to drive further for everything, creating an invisible ‘tax’ on every purchase in terms of travel time and expenses. Can the American middle class continue to prosper?

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Daisy Luther Writes:

Almost 9000 Retail Stores Will Close This Year: Here’s the List of Businesses in Trouble

Back in January, after the worst Christmas sales in a decade, I predicted that 2017 would be the year of the Retailpocalypse and that we’d see hundreds of retail stores closing.

Sadly, I was wrong.

We’re going to see thousands of stores closing.

DO NOT MISS: Bill Holter: This is the Biggest Bubble in the History of History

According to a CNN Money report, more than 300 retailers have filed for bankruptcy already and we’re only halfway through the year.

Another report by Credit Suisse has an even gloomier prediction:

…around 8,640 stores in the U.S. will close by the end of 2017 — easily surpassing the number of stores closed in a year over the past two decades. (source)

When retail stores close, it affects everyone.

Even if you’re not much of a consumer, when retail stores close, it can still affect you.

Higher rates of unemployment mean more competition for available jobs.

When larger stores in a mall close, it often takes down the other stores with it.

Thousands of newly unemployed people are adding even more weight to our already strained social safety net.

Scarcity drives up prices.

Retail stores can be a glimpse at how our economy, in general, is faring.

DO NOT MISS: The Largest Debt Bomb In Human History is About to go BOOM!

Underserved communities have a lot of problems that are all rooted in the loss of their retail stores.

When consumers have to drive further for everything, that is like a tax on everything they purchase. Travel time, expenses, and wear and tear mean that they’re spending just a little bit more on everything they buy.

Often, people begin moving out of smaller towns that are bereft of retailers because it’s so inconvenient to purchase the things they want or need. Others leave because they lost their job and there were no other jobs available. Property values decline.

Mom and Pop stores that existed before the chain retailers arrived were often driven out of business. Fewer options mean higher prices at any stores still remaining.

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As Michael Snyder of The Economic Collapse Blog wrote:

At this moment, the number of working age Americans that do not have a job is hovering near a record high. So being able to at least get a job in the retail industry has been a real lifeline for many Americans, and now that lifeline may be in grave danger.

For those running our big corporations, losing these kinds of jobs is not a big deal. In fact, many corporate executives would be quite happy to replace all of their U.S. employees with technology or with foreign workers.

But if the middle class is going to survive, we need an economy that produces good paying jobs. Unfortunately, even poor paying retail jobs are starting to disappear now, and the future of the middle class is looking bleaker than it ever has before. (source)

These stores could be filing for bankruptcy or closing their doors this year.

Some experts predict that one in four malls will be closed within the next five years.

The retail apocalypse is real.

So real, in fact, that 20 to 25% of all U.S. malls will close by 2022, according to new research from Credit Suisse.

That translates to 220 to 275 of the nation’s 1,100 shopping malls, the research note said, according to Fortune.

Fueled by the rise of e-commerce, mass store closings and bankruptcies, brick and mortar retail stores have been closing around the U.S. at an increasing rate. And the fight against e-commerce giants like Amazon will only get worse. (source)

Ouch.

DO NOT MISS: Economic Recovery? No, Get Ready For the Retail Apocalypse (Video)

According to a Moody’s Investor Service report, the outlook is extremely grim for the following retailers, who have been downgraded to the lowest ranking on their credit spectrum. All of these brands/retailers are now classed by Moody’s as “subject to very high credit risk.”

Boardriders SA

Bon Ton

Cole Haan

Charlotte Russe

Charming Charlie

J. Crew

Claire’s

David’s Bridal

Eddie Bauer

Fairway Market

Gymboree

K-Mart

MAG Retail

Neiman Marcus

Ninety-Nine Cents Only

Nine West

Savers

Sears

Tom’s (weeping – I love those shoes)

Totes Isotoner

Tops Friendly Market

True Religion

Vince

This is on top of stores that were in trouble or whose projections were down back in January:

Aeropostale

American Eagle

Chicos

CVS

Finish Line

Kohls

Macy’s

Men’s Wearhouse

The Children’s Place

Here are some steps you can take to protect yourself in a crumbling economy.

DO NOT MISS: Bill Holter: Paper Currencies Approaching Their Real Value: Zero (Video)

I really don’t believe that all of this can be blamed on Amazon. We’ve become a country of consumers instead of a country of producers. We work to pay for things that profit huge corporations who have their goods produced for pennies in other countries instead of working to produce these things ourselves.

The problem with our economy is that we’ve become a country of consumers instead of a country of producers.Click To Tweet

That, in my opinion, is the problem in a nutshell.

DO NOT MISS: Expect Standard Of Living in U.S. to Drop by 30-50%

There are a few things you can do to provide some stability.

Get out of debt. Here’s a way to pay it off as quickly as possible.

If you find yourself without a job, here are the first steps you should take to survive the aftermath.

Reduce your fixed expenses.

Build an emergency fund.

Get prepped.

Keep abreast of the news that could directly affect you. Sign up here for free daily tips and updates.

The most important prep you can make when the future is questionable is to learn to become a producer. Learn to meet your own needs by growing food, providing a necessary service, or creating something that people will always need.

Daisy is a coffee-swigging, gun-toting, homeschooling blogger who writes about current events, preparedness, frugality, and the pursuit of liberty on her websites, The Organic Prepper and DaisyLuther.com She is the author of 4 books and the co-founder of Preppers University, where she teaches intensive preparedness courses in a live online classroom setting. You can follow her on Facebook, Pinterest, and Twitter.

BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!

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FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE

IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:

Bill Holter: Paper Currencies Approaching Their Real Value: Zero (Video)

Bill Holter: Global Economic System Is Going to Resemble Caveman Times Soon

Peter Schiff: “Default or Not, U.S. Dollar Is Going to Collapse Either Way” (Video)

Jim Rickards Discusses Looming Shut Down of the Entire US Economy (Video)

Dr. Jim Willie: Worst Bond Crisis in 15 Years, World Quickly Losing Confidence in US 

Bill Holter: Between Now and Election Will Be Extremely Dangerous (Video)

Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 1

Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 2

Bill Holter: Newly Solidified Chinese Superpower Will Replace Dead U.S. Dollar (Interview)

Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)

How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)

Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)

FOR MORE LINKS ON MARTIAL LAW:

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U.N. Soldier Says They Will Soon Occupy America: “Going Door-to-Door Taking Guns…” 

1,500 Pages of New Documents That Reveal U.S. Government’s Martial Law Agenda (Video) 

Mainstream Media Blasts Alternative News Personality on FEMA Camps (Videos)

Ron Paul: Undeniable Proof Martial Law Is Coming Because of the Economy (Video)

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Obama: Be Ready For EMP Attacks, Engineered Pandemics, Earthquakes, and Martial Law

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Beware of Martial Law: Obama Will Confiscate Firearms Of All 50 States in 2016

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Pentagon Says Preparing For Huge Civil Unrest in U.S. (Videos)

Political Dissidents Homes Being Marked By FEMA Prior to Martial Law?

Government “Threat List:” 8 Million People To Be Detained Immediately

 

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Total 5 comments
  • The Troubles

    :idea: :arrow: All of this madness was orchestrated by design. :eek:

    Organized and carried out many years ago, while being fueled by the bottomless pit of consumer-ism. :shock: OUCH!

    -FTNWO- :mrgreen:

  • patann

    Do You Know Where Your Bible Is?
    http://www.2016onewayprayer.blogspot.com

    -God Has Turn His Back, 1986, Only Jesus Is Left, Day Two Hundred and seventy-seven 06/17/2017 of the “week,” prophecy 08/18/2016, a week prior to the Syrian Truce, 08/25/2016, the countdown to resurrection and Daniel’s week, see Dan. 9:27, see also, http://www.2016theauthenticparable.blogspot.com

    -Righteously Dividing The Enemy

    http://www.persecutionblog.com

    Repent Into The Rapture https://www.youtube.com/watch?v=B11d60-TEns&t=44s see here, http://repentintorapture17.blogspot.com

    ..Article… “I do not know what this is happening now. Maybe the Earth experiences the influence of something from outer space. Or something started with the Earth itself. Or simply our planet is tired of everything that we do with it. None of the scientists know.
    …We can only observe, analyze and model what it can lead to. I do not know what happens to the Earth, but we all need to prepare for the worst! “ Article…http://beforeitsnews.com/conspiracy-theories/2017/06/michio-kaku-i-do-not-know-what-is-happening-to-the-earth-but-we-all-need-to-prepare-for-the-worst-2482010.html (And I Heard In My Hearing, “Asteroid, destroy Wisconsin (West Constantly Sinning), kill all parents by, finish all schools, yours is a Nuclear Fate, Judgement Now!), Beware, Apb

    -I Looked And Behold, A Lamb, That Looked As Though It’d Been Slain Alone Worthy to Open The Books and To Break The Seals Thereof, http://www.2016thepalehorse92ad2001ad.blogspot.com

    -The Links Prophecy, The Of Everything Rebellious Man, By Destroying His Second Greatest Economy Commerce, (Idolatry), 1986-2016/17, Apb

    -the warning 1986, Jesus, the Christ of resurrection, appearing, saying, I’m coming soon go and tell my people!

    -the warning 1993 that He, God would strip America’s leaders like in the days of their birth

    -the warning 1996, questioning all of America’s debt coming due, into failing banks, the housing,

    sector, and church industry ,

    -the warning 1998, how a day would come they wouldn’t be able to these whimsical creations away

    -the warning 2001/2002, even Enron, to drop their pensions and get to the hills,

    -the warning 2003 of granting especially military families, while loved ones are slaughtered an 11 o’clock shopping lunch hour, even here 2016, of malls be transformed into bomb and fall out shelters

    -the warning 2004, how the Antichrist would kill millions as millions go broke, the angel Gabriel, (534 bc, 2004 ad), the fulfillment of all things is upon mankind

    -the warning 2009, of seeing a beast getting at people as they sat their peace getting porches,

    -the warning 2013 of five more disasters, to strip Americans like his servant job

    -the warning 2015 of seeing a slow motion exodus, of a woman bearing black bowls and business cards for better homeless shelters

    -the warning 2016 of seeing a beast tearing from the pulpits into the pews, as to namke them vacant, of hearing a cry further,
    how there’s a bear in 120 counties/countries

    -the warning 2017 how theirs is a nuclear fate, to kill all parents by, to finish all schools, how said (righteous), judgement is now! Etc. Etc. Etc.

    Awake, Repent, Escape, in this order, Apb, The RAM, see more here, http://legendsofthefallapb17.blogspot.com and here http://www.invasionofpeace2017.blogspot.com

    Jesus Said, Mat. 6:19-21, Mrk. 8:36

    Don’t be deceived, Lay not up for thy selves treasures upon the earth, where moth and rust can corrupt and where thieves can break through and steal, rather lay up for thyselves treasures in heaven, where moth and rust can’t corrupt and where thieves can’t break through and steal, for where a man treasures are there is his heart also. For what shall it profit a man if he shall gain the world (The American Dream), and lose his soul or what shall man give (heaven or hell), in exchange for his soul, Jesus, Apb the, RAM, see more here, http://www.theissueoftherest2016.blogspot.com

  • Pink Slime

    Nature abhors a vacuum. Amazon sucked your buying habits online. 900 brick & mortar stores are lost but 900 was created in cyberspace. The new shopping mall.

    Many of those brick & mortar stores sold just about the same thing – re-branded. I believe location and prices made the difference which cyberspace just neutralized. :lol:

  • Pinto Beans

    I gave up on malls 20 yrs. ago. Everyone other store was a women’s “fashion” store or women’s shoes.

  • wunmansho

    The economy isn’t nearly that bad. Its so fake. What this does tell you however is that they are essentially in compete control of the economy…either through ownership or by way of deep state management personel

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