Retail Apocalypse Worsens: Some Major Stores Are on “Deathwatch”
Just two months into 2019, many more retail stores have announced their closures amid a slowing in consumer spending. The retail apocalypse is worsening and there are some major stores on “deathwatch;” which would mean going out of business forever.
According to Money.com, in a single 24-hour period last week, Gap, J.C. Penney, and Victoria’s Secret announced they would be closing more than 300 stores combined. These announced store closures come soon after retail companies made the difficult decisions to shut down all Payless ShoeSource and Gymboree stores throughout the U.S., and in the middle of Sears’ dramatic struggle to survive. (Sears closed out 2018 by filing for bankruptcy and closing roughly 140 Sears and Kmart stores. The company owns both retailers).
Support BeforeItsNews by trying APeX (far superior to colloidal silver) or any of our other great health products at www.mitocopper.com
Some of these companies are restructuring debt and refiguring their business models in order to fight to stay alive in today’s fast-moving ultra-competitive retail world. They must be able to stay competitive and every store must offer a compelling alternative to Amazon in order to win over shoppers. Other retailers have already lost the battle, are hosting liquidation sales right now, and will soon disappear entirely, like Toys “R” Us and Bon-Ton before them.
Sears is still alive and kicking, but barely. There are only 425 Sears and Kmart stores remaining compared to 2000 just five years ago. Remaining employees are skeptical about their future with the company and rightfully so. Victoria’s Secret, JC Penny, and Payless are all closing several stores. Gymboree, GAP, and Ann Taylor are also on “deathwatch.”
Ascena, the company that owns retailer brands like Ann Taylor, Loft, and Lane Bryant, has been on death watch for at least a year, reported Money.com. It is in the middle of the process that began back in 2017 to close about 250 stores. Ascena said it operated about 5,000 stores as of 2016, and it was down to 4,600 stores at the end of 2018. Ascena’s stock price has also taken a beating. It plummeted over this time period when stores were closing, dropping from over $10 per share in 2016 to around $2.25 in early 2019.
The retail apocalypse is happening right before our eyes, as brick and mortar stores are going away quickly.
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
Source: http://www.shtfplan.com/headline-news/retail-apocalypse-worsens-some-major-stores-are-on-deathwatch_03062019
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).