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Everything Is Awesome 9/16/19

Monday, September 16, 2019 15:33

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“Retail Apocalypse: 2019 Store Closures Already Surpass 2018″
by Tyler Durden

“… BDO said 19 retailers have already announced 7,000 store closures in 1H19 – has already exceeded all of 2018. Payless, Gymboree and Charlotte Russe accounted for at least 3,700 of those closings. In an earlier report, we detailed how Coresight Research forecasted 12,000 stores would close in 2019. “If the economy does stumble a little bit, things can get painful,” Berliner said. “That can have a devastating effect on the weak retailers who can’t afford that sales dip in the holiday season.”

Full article is here:

- https://www.zerohedge.com/economics/
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Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2019/09/everything-is-awesome-91619.html

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