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Gap, Victoria's Secret and even Tesla: 4,300 store closures already announced this year
CNBC via MSN ^ | 3/01/19 | Lauren Thomas

Posted on 03/01/2019 8:10:16 PM PST by Libloather

A recent wave of store closure announcements will hit shopping malls across the U.S., leaving hundreds of storefronts empty.

Just this week, Victoria's Secret said it will shut around 50 locations in 2019 — when it normally closes closer to a dozen each year; Gap said it's closing 230 of its namesake brand's stores over a two-year span; and J.C. Penney announced it plans to shut 18 department stores and nine of its furniture and home locations in 2019.

That builds on recent store closure announcements by Gymboree, Payless ShoeSource, Charlotte Russe and Ann Taylor parent company Ascena Retail, to name a few. A whopping 4,309 store closures were announced by retailers just in the first two months of this year, Coresight Research said in a research note on Friday. That's well ahead of the number of announcements the market research firm was tracking this same time a year ago, it said.

(Excerpt) Read more at msn.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: cnbc; dnctalkingpoint; dnctalkingpoints; gap; laurenthomas; mediawingofthednc; partisanmediashills; presstitutes; secret; smearmachine; tesla; victoria
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To: Grampa Dave

That sounds like Sears Catalog shopping 100 years ago only at lighting speed. I think grocery delivery was common years ago too but you would have had to go and fill the order yourself.


41 posted on 03/01/2019 11:17:27 PM PST by BobbyBelle
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To: Berlin_Freeper

That 15 dollars an hour wage thingie has caused massive job losses

They were told that would happen, but did it anyway.


42 posted on 03/01/2019 11:39:01 PM PST by Syncro (Facts is Facts)
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To: Libloather

The mall is a dying business model. It’s being killed by online shopping. Just as the mall killed the central business district. Cyclical, man. Like Mark Twain said “ history does not repeat itself. It does, however sometimes rhyme “.

CC


43 posted on 03/01/2019 11:49:55 PM PST by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: glock rocks

I got one of those. Good product.

CC


44 posted on 03/01/2019 11:54:30 PM PST by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: RightGeek

LOL


45 posted on 03/02/2019 12:29:56 AM PST by blondiegoodbadugly (Thank you President Trump!!!! Please continue MAGA)
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To: Some Fat Guy in L.A.
Whoever can come up with a way to "try on" clothes online will be the next Bezos and will drive the last nail into the retail coffin.
Apparently you haven't been to Amazon lately. They already have a 7 day "try on" policy.
46 posted on 03/02/2019 1:49:54 AM PST by lewislynn
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To: max americana

Does it actually? Or are you just making a joke?


47 posted on 03/02/2019 2:10:39 AM PST by Bulwyf
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To: cableguymn

Zappos has been great for ordering and trying on shoes.


48 posted on 03/02/2019 2:45:07 AM PST by georgiarat (The most expensive thing in the world is a cheap Army and Navy. - Carl Vinson)
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To: DoughtyOne

Shoes are about the only thing I generally need to try before I buy.


49 posted on 03/02/2019 3:09:25 AM PST by wally_bert (You're bringing The Monk down, man!)
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To: gaijin

back in the early nineties we had a guest from the Dominican republic. She told us how one could never go to the film shows because they were hoodlum hangouts.

we were then amazed

Now that is happening here.


50 posted on 03/02/2019 3:16:28 AM PST by Chickensoup (Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: JudyinCanada

Walmart has really upped its game in our area. Nice flooring and better merchendise


51 posted on 03/02/2019 3:20:11 AM PST by Chickensoup (Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: BobbyBelle

My grandmother and great grand mother always sent in their grocery orders to be delivered. My great sent a note in the morning, my grand called in her order. Both charged it and there was a monthly grocery bill.


52 posted on 03/02/2019 3:25:13 AM PST by Chickensoup (Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: Maskot

Crazy isn’t it? A girl bragged to me she spent 100 dollars on a bra.. I told her that is half a car payment, but at least it wasn’t as expensive as her 140 dollar purse. She was over 23.
Women at my church actually talk about retail therapy.. I just talk about cars, beautiful places and people in need.


53 posted on 03/02/2019 3:34:12 AM PST by momincombatboots (Do you know anyone who isnÂ’t a socialist after 65? Freedom exchanged for cash and control.)
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To: ProtectOurFreedom

I have a different mall experience. I’ve been living in a hotel ( between houses) for the past month and there is a large indoor mall nearby. I go there often to hang out while the maids are cleaning. Bring my laptop or a good book to read and sit on one of the many couches and chairs they now have there. Free wi-fi. I’ll spend hours there sipping coffee and reading. Nobody hassles me. Don’t know how the stores there stay in business but it’s a pleasant place to hang out.


54 posted on 03/02/2019 3:38:07 AM PST by SamAdams76
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To: IndispensableDestiny

Now you can buy Teslas on-line.

Who actually needs to see the car they are buying or take a test drive? Most people buy cars as if they are appliances anyway.

They say you can simply return the car for a full refund if you don’t like it (up to 7 days and 1000 miles).

I thought the car dealership lobby made that impossible. I wonder what changed?


55 posted on 03/02/2019 3:42:36 AM PST by Fresh Wind (Trump: "America will never be a socialist country!")
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To: xkaydet65

A few years ago, I was at a downtown open market in Columbia, SC. It is called Soda City.

Anyway, reps from a local roller derby team had a booth. It was sort of making a comeback then. I didn’t follow up.


56 posted on 03/02/2019 4:09:27 AM PST by wally_bert (You're bringing The Monk down, man!)
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To: Libloather

Stores that once were the darlings of the young and cool tend to age with their generation. Vicky’s secret is now a middle aged store and the young look elsewhere to be cool


57 posted on 03/02/2019 4:16:00 AM PST by xzins (Retired US Army chaplain. Support our troops by praying for their victory.)
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To: Maskot

I found their bras to be constructed of inferior materials: Very itchy and scratchy.


58 posted on 03/02/2019 4:44:53 AM PST by SisterK (its a spiritual war)
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To: Libloather

Well, when multiple generations were convinced “why try”, the girls dress like truckers so there’s no need for Vickies Secret.


59 posted on 03/02/2019 5:11:10 AM PST by CodeToad ( Hating on Trump is hating on me and America!.)
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To: Fresh Wind

“I thought the car dealership lobby made that impossible. I wonder what changed?”

There article is a bit dated, but gives a general idea of how internet sales are handled in states that have the dealership laws.

https://www.teslarati.com/tesla-legal-battle-michigan-anti-tesla/


60 posted on 03/02/2019 5:46:13 AM PST by EVO X
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