For those who haven’t figured out the current economic trend....we are in a depression. Folks don’t spend money on nice clothing or style or fashion....while in a depression. They cut back.
It’s been a long time since JC Penney has sold “nice clothing or style or fashion.” Their quality has gone down the tubes, and they’ve been a dying store, barely holding on, for at least a decade now. Their problems go far beyond the “Ellen” thing, or even the 0bamaconomy.
I buy ammo, gas, and groceries.
One of the stores being cut is in my area.
The prices are high, and so is the rent I assume. I am honestly surprised that the two other stores near me are still open.
This is something that I think has been inevitable for a long time. I’m thankful I have a roof over my head, I know that much. I wonder how long this will realistically last.