Skip to comments.Retail Apocalypse? Major Chains Closing Hundreds Of Stores
Posted on 02/11/2014 10:49:47 AM PST by Para-Ord.45
Hundreds of stores across the nation are closing as some of Americas most famous retailers struggle to stay in business. The country is facing what CNBC has labeled a tsunami of store closings and blogger Michael Snyder has called a retail apocalypse.
JC Penney, which lost $586 million in three months in 2013, is planning to close 33 stores in 19 states and lay off 2,000 people. JC Penneys stock has lost 84 percent of its value since February 2012.
Sears has decided to shut down its flagship store in Downtown Chicago, and it has closed 300 stores in the United States since 2010.
Macys, one of the few retail success stories, is planning to close five stores and eliminate 2,500 jobs.
Radio Shack is preparing to close 500 stores, according to The Wall Street Journal.
Best Buy recently closed 50 stores and eliminated 950 jobs at stores in Canada.
Target announced plans to eliminate 475 jobs and not fill 700 empty positions to reduce costs
(Excerpt) Read more at newswatch.us ...
Is it my imagination or are these Anti-Traditional Value stores?
Commie-run dictatorship doing what it does best.
Destroying the economy.
But this is good news isn’t it? According to Democrats at least. Now all these employees can be free from the drudgery of work. They can stay home and sit on their butts and enjoy life.
If you blame it on Obamacare , you’ll have to stay open or go to jail
> Is it my imagination or are these Anti-Traditional Value stores?
Don’t know about Sears or Radio Shack, but JC Penney is a big homo promoter, as are Best Buy and Target.
Don't know. My neighbors work in these stores and when I go in to buy something they never say anything.
I miss Hechts.
They replaced it with Macy’s here in Malls that survived.
Macy’s is way overpriced.
Several thousand employees who voted for King Obama will no longer have to endure the daily agony of Job-Lock.
I do have empathy for the innocent people losing their jobs and who did not vote for the King.
Our Belks store is closing................
Yeah, but who’s going to pay my mortgage?! Unfair, I say!
” JOB LOCK “
You`re free now. Fly little birdy fly !
Home Depot doesn’t seem to be ‘hurt’ by their homo stand.
People are broke, or afraid and conserving discretionary dollars.
The actual unemployment is around 18%.
What’s the mystery?
They need to keep current. Those aren’t eliminated jobs, those are liberated workers.
Keine arbeit macht frei.
Bull. This assumes that people will just stop buying clothes and food and appliances simply because a store near them closes.
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