Retail Store Closures Soar In 2014: At Highest Pace Since Lehman Collapse

Zero Hedge ^ | 04/21/2014 | Tyler Durden

[NEMDF]

This is great news! Think of all of the people being released from “job lock”, and we all know that unemployment benefits are great for the economy, right? (/s)

[fwdude]

I’m not surprised. This news comports with what I’m witnessing in my area.

[GeronL]

Great news that people can’t afford dollar stores

/sarcasm

[GeronL]

Now they will have time to paint and stuff

[Cyber Liberty]

Indeed. Free from the curse of job lock at last!

[SeekAndFind]

[SeekAndFind]

[Gay State Conservative]

I live near a large and rather “upscale” mall not too far from Boston.A substantial number of their store plots (or whatever they're called) are empty today.This mall serves several of the wealthiest suburbs of Boston yet the fancy jewelry stores,women's clothing shops,etc are have shut down...even in the last 6 months.Even the Tesla dealership they have is absolutely EMPTY most of the times I pass it (I go there often to “power walk”)

[SeekAndFind]

RE: .Even the Tesla dealership they have is absolutely EMPTY most of the times I pass it

Sheeesh, how many wealthy people do these Tesla folks think the area has who would want to buy their cars?

[hinckley buzzard]

Is this number of closures net the number of openings and expansions? If not then it is really pretty much rubbish reporting.

[fhayek]

Yup. Vacant storefronts are reaching epidemic proportions here (Buffalo, NY). A perfect marriage of internet shopping and Obama administration policies.

[Cyber Liberty]

You’d be surprised. I have a BIL who sells Lexus in SoCal. He’s doing fine.

[headstamp 2]

“Now they will have time to paint and stuff”

and fill out forms for public assistance.

[Mears]

Legacy Place seems to be doing quite well,but Chestnut Hill——not so much.

.

[KGeorge]

:-( It’s not just “regular” retail (clothes, housewares, books, miscellaneous). I found out today the the tile supplier (Associated) I have always used has gone out of business. I’m sure the schmancy-fancy “showrooms” were what killed them.

In my fit, I started looking for other vendors I’ve used in the past & Salas wood products seems to be gone, too. Is Wilsonart next?

I’m p*ssed. How am I supposed to do my work? I really *need* the dimensional ceramic I’m looking for right now (similar wood appears to be 50 bucks a square), Wood would work, but not at that price.

(What’s really ticking me off is this pseudo opulence, “living at Versailles” mentality. WTH ever happened to normal? Even Lowes & Home Depot are caught up in it.) grrrr

[fwdude]

We're having grocery stores closing, so the internet trend isn't relevant in that aspect.

[Fledermaus]

And write cowboy poetry.

[grania]

Except for food, drug store and hardware store/home maintanance items, there’s very little worth buying in stores. There aren’t any around here that sell things that are high quality and individual. It’s all WalMart with a fancy label.

[Gay State Conservative]

Legacy Place seems to be doing quite well,but Chestnut Hill——not so much.

Haven't the first clue where Legacy Place is.Actually,it just occurred to me...is that that new complex right across from the Chestnut Hill Mall? I've driven by there but never stopped.I know that that's where the new Wegman's is...I *am* tempted to stop there.I recently drove by there and found the old Atrium Mall looking like Pompeii.That surprises me,having occurred in Chestnut Hill.And yes,It appears that the Chestnut Hill Mall has seen better days.