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Retail Bloodbath: More Than 2,600 Store Closings Have Been Announced So Far In 2024
Economic Collapse Blog ^ | June 6, 2024 | Michael

Posted on 06/07/2024 11:05:19 AM PDT by george76

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1 posted on 06/07/2024 11:05:19 AM PDT by george76
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To: george76

Not to worry - soon you’ll be getting your food delivered from the myriad mega-warehouses being built. Just make sure you keep your social credit score up so you get your chocolate ration


2 posted on 06/07/2024 11:08:17 AM PDT by P.O.E. (Pray for America.)
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To: george76

It will take an overnight market crash. October. Biden gets blamed and Trump declares: “I’m gonna get you out of this”. Voters respond and the only thing the democrats can say is that it will be Trump’s Reichstag fire if he gets elected.


3 posted on 06/07/2024 11:10:35 AM PDT by DIRTYSECRET
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To: DIRTYSECRET

Banks were failing-2 a week-prior to Oct. 1929.


4 posted on 06/07/2024 11:11:22 AM PDT by DIRTYSECRET
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To: All

Under “Bidenomics,” fast food has become a luxury.
French fries at McDonalds soared from $0.99 to $3.99.
Little Black children are going hungry under Biden.

In 2017, when Donald Trump was president,
Happy Meals for kids had their prices slashed up to 25%.
People with lower incomes were well-fed under Trump.


Reference: McDonald’s new Dollar Menu means massive price cuts for customers
By Kate Taylor, Dec 19, 2017, yahoo.com

McDonald’s much-anticipated new 2017 value menu means massive prices cuts for customers, a roughly 15% price reduction across the chain’s full menu.

........some items are already being sold at similar prices, leading up to the launch of the new value menu. Happy Meals for kids — are going to have their prices slashed by up to 25%.

<><>$1 items include the Sausage Burrito, McChicken, and Cheeseburger.
<><>$2 Items include Buttermilk Crispy Tenders, Bacon McDouble, and McCafé beverages,
<><>$3 gets kids tummy-filling Happy Meals and Triple Cheeseburgers.

While the McPick 2 has helped drive sales over the past year, a new national Dollar Menu is a major move to win over customers looking for value.

The company is throwing a huge amount of weight behind the effort, increasing its already massive national advertising budget by 20% starting in 2018.


5 posted on 06/07/2024 11:12:34 AM PDT by Liz (This then is how we should pray: Our Father who art in heaven, Hallowed be thy name . )
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To: george76
Most of this is due to two things:

Retailers losing sight of their customer preferences and needs (EG Target) and

A huge shift in buying habits brought on by the covid lockdown. People now are simply buying online instead of in stores.

6 posted on 06/07/2024 11:15:33 AM PDT by pfflier
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To: george76

INHERENT BLESSINGS OF BIDENOMICS. MUCH MORE COMING AROUND THE CORNER. ELECT BIDEN FOR RECESSION, DEPRESSION and MORE WORLD MISERY. BE STUPID AND GO DEMOCRAT.


7 posted on 06/07/2024 11:15:36 AM PDT by 353FMG
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To: george76

“the gang of about 10”

let me guess, Amish feral yutes


8 posted on 06/07/2024 11:15:38 AM PDT by woodbutcher1963
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To: pfflier

The biggest problem in the cities is that they DO NOT enforce theft crimes anymore.
It is okay to shop lift.

Last night I watched Tucker’s interview on YouTube of the president of El Salvador. This is the man that is responsible for turning the country around from the most dangerous place in the world to the safest country in the world. They had a murder rate higher than Haiti. Now it is one of the lowest in the world. They did it because they arrested the criminals and put them in jail. They also changed the prisons so that the criminals were not in charge. They do not tolerate shop lifting or petty crime.
So now people from El Salvador who live in other places like the US are coming home. It is literally a miracle. He said it was because of Gods help. That they pray to God during cabinet meetings.

IMHO everyone needs to watch this interview. FYI, the MSM(commies) does NOT want you to see this.


9 posted on 06/07/2024 11:27:05 AM PDT by woodbutcher1963
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To: george76

It’s okay, Biden said we’re going to Build Back Better. All he needs is four more years and everything will be just peachy.


10 posted on 06/07/2024 11:27:26 AM PDT by BipolarBob (If at first you don't succeed then skydiving is not for you.)
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To: P.O.E.

>Not to worry - soon you’ll be getting your food delivered from the myriad mega-warehouses being built. Just make sure you keep your social credit score up so you get your chocolate ration<

Looks like they want us to order products online and they can keep a closer eye on everyones business. Guess the future generations will be happy with it
until they come put them on the trains. Well, maybe not, they’re too drugged too care.
Oh, and no more private anything!


11 posted on 06/07/2024 11:28:03 AM PDT by TribalPrincess2U (Bye done!)
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To: george76

12 posted on 06/07/2024 11:30:53 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: george76

Finally all these people can spend more time wit their families, and besides, Collecting Unemployment “stimulates the economy” according to Pelosi.


13 posted on 06/07/2024 11:32:46 AM PDT by eyeamok
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To: george76

There is a larger trend I see going on in retail and housing. Corporations and emarkets are squeezing out mom and pop retail operations.

Folks don’t have the traffic to sustain smaller retail. So younger people only have options to work for the corporation. They don’t have the opportunity to start and grow their own profitable operation.

In urban housing what we see are many rental units being built, to house the corporate employees stuck on a corporate treadmill. Only a few advance enough to where they are able to buy their own home.

Of course this is the goal of corporate socialism, reduce entrepreneurial opportunity, actual ownership of small businesses and personal wealth.


14 posted on 06/07/2024 11:40:03 AM PDT by Rennes Templar (Come back, President Trump.)
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To: george76
But in other cases, stores are being permanently shuttered due to the unprecedented wave of retail theft that never seems to end.

From everything I've been able to tell, that's really THE major reason.

Granted the economy isn't good, but between theft and violence, people don't want to go out and risk their lives to shop.

Thanks democrats.

15 posted on 06/07/2024 11:43:24 AM PDT by metmom (He who testifies to these things says, “Surely I am coming soon.” Amen. Come, Lord Jesus…)
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To: george76

One of the things I read decades ago was a comparison of US retail stores to European retail stores. The most striking difference was the store square footage per dollar of retail inventory on display.

Let me put that another way. Let’s say you have a rack of women’s dresses or a table with men’s blue jeans on display in a US retail store versus a European retail store. The US store will have much more square footage devoted to selling the same number of items at roughly the same cost. That translates into much higher retail store overhead costs.

With the introduction of internet sales, retail sellers are dramatically reducing overhead costs associated with a retail brick and mortar store. Just about all major retailers now have an internet sales component.

If there is an excess of retail floor space that needs to be purged from US sales, then this should not be surprising. If you factor in increased theft due to lack of policing, and prosecution, along with a collapse in discretionary spending due to inflation, this collapsed of the retail industry should not come as a surprise.


16 posted on 06/07/2024 12:16:53 PM PDT by Robert357
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To: woodbutcher1963

They did not care about the right of the criminals!
They basically arrested everybody under suspicion. Then they eventually released the few of the innocent ones.


17 posted on 06/07/2024 12:22:04 PM PDT by AZJeep
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To: pfflier
Little Black children are going hungry under Biden.

Well, if the Trump-nazi Supreme Court had left Roe versus Wade intact, this would not be a problem. We would have aborted most of them in accordance with the design of the Planned Parenthood founder, Margaret Sanger.

18 posted on 06/07/2024 1:12:00 PM PDT by 17th Miss Regt ( )
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To: 17th Miss Regt

I’m not sure why I got this one????


19 posted on 06/07/2024 1:26:50 PM PDT by pfflier
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To: george76

Those that control the world’s finances will keep this turd floating until Trump is elected.

Afterwards, they’ll let everything crash and blame it on Trump.


20 posted on 06/07/2024 1:38:18 PM PDT by farmguy ( )
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