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This is the REAL reason for the retail apocalypse! Chains such as Walmart, Nordstrom and Walgreens are shuttering due to crime, work from home, online shopping and rising rents
DAILYMAIL.COM ^ | 12 May 2023 | PAUL FARRELL FOR DAILYMAIL.COM

Posted on 05/13/2023 3:39:11 AM PDT by dennisw

A combination of reasons are responsible for some of America's most beloved chain stores closing en masse across the country Walmart, Nordstrom and Walgreens stores are closing because of issues such as theft, rising rents and the fact that so many still work from home, experts say

One expert suggested that retail outlets will likely return but it will be a different experience for shoppers

Chains such as Walmart, Nordstrom and Walgreens are shuttering across big cities due to crime, work from home, online shopping and rising rents, experts warn.

A study from the JP Morgan Chase Institute found between 2017 and 2021, San Francisco, LA, San Diego, New York, Seattle, Miami and Chicago all lost major stores.

By the end of 2023, Walmart will have closed 60 stores since 2021. This year alone, Nordstrom will shut 15 stores and by the end of 2024, CVS will have shut 900.

One expert told CNN that when the big stores go retail will 'start to come back in different ways and forms.'

Last month, former retail giant Bed Bath & Beyond announced its bankruptcy.

The declaration came after months of dire financial news, which culminated in the closure of 236 stores in February.

Since then, Bed Bath & Beyond had struggled to maintain its 360 brand-name storefronts and 120 Buybuy Baby stores in the face of nearly $5.2billion in runaway debt.

Its demise was in part credited to the success of Amazon and other online giants solidifying their place in the market.

Investment bank UBS warned earlier this year 50,000 stores would close by 2027, cautioning 'the pace of store closures is set to accelerate due to the combination of a slowdown in consumer spending, a reduction in the availability of credit, and a rise in the penetration of e-commerce.'

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Constitution/Conservatism; Culture/Society; News/Current Events
KEYWORDS: bideneconomy; retailapocalypse
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1 posted on 05/13/2023 3:39:11 AM PDT by dennisw
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To: dennisw
The Democrats are killing the black community and the cities in which they live.

Enabling criminals just because they are black helps the black community in the same way that enabling your drug-addicted child helps that child.

If you enable your drug-addicted child, what you get is a dead child.

2 posted on 05/13/2023 3:43:02 AM PDT by RoosterRedux (Bonhoeffer: “Silence in the face of evil is evil. Not to speak is to speak. Not to act is to act.”)
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To: dennisw

Who benefits? Amazonk and UPS. This also keeps Postal Workers busy/ I just bought some insoles from Amazonk after perusing 10 different types. Where else could I find such a selection? Ebay is also very good. I prefer eBay mostly. More bargains there.

For a computer phobic friend.... I just ordered one of a kind exotic shoes from an independent website. No wonder retail is collapsing.


3 posted on 05/13/2023 3:44:09 AM PDT by dennisw
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To: dennisw
We have a Nordstrom’s in our town. I go there often to get to the open area of the mall so I can walk. Lots of flimsy bits of clothing costing $400...and even $1900. But I never see any shoppers.
4 posted on 05/13/2023 3:45:45 AM PDT by Gay State Conservative (Two Words: BANANA REPUBLIC!)
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To: dennisw

Last month I even ordered a lawnmower from Walmart on line. Federal Express / FedEx delivered this heavy box. 55 lbs iirc. But perhaps more. I will check.

Got a much better deal than the mowers at HD and Lowes. Mowers are so overpriced there. Screw ‘em.


5 posted on 05/13/2023 3:48:48 AM PDT by dennisw
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To: dennisw

Retail collapse has more to do with the perfect voters and their free stuff now attitude.


6 posted on 05/13/2023 3:57:29 AM PDT by exPBRrat
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To: dennisw

That list of “the” real reason reminds me of Steve Martin as the Jerk:

“I don’t need this or this. Just this ashtray.
And this paddle game, the ashtray and the paddle game and that’s all I need. And this remote control. The ashtray, the paddle game and the remote control, and that’s all I need. And these matches. The ashtray, and these matches, and the remote control and the paddle ball. And this lamp. And that’s all I need too. I don’t need one other thing, not one - I need this! The paddle game, and the chair, and the remote control, and the matches, for sure. “

The analysis is correct, just the wording is a bit silly.


7 posted on 05/13/2023 4:05:27 AM PDT by dangus ( )
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To: Gay State Conservative

If you can get $1,900 per shirt, you don’t need to see many shirts!


8 posted on 05/13/2023 4:06:06 AM PDT by dangus ( )
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To: dennisw

One of the reasons Walgreens is in trouble is their outrageous prices.


9 posted on 05/13/2023 4:11:52 AM PDT by odawg
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To: RoosterRedux

Retail theft is at an all-time high

Except for maybe the future

The thieves are relentless


10 posted on 05/13/2023 4:17:55 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SaveFerris
Yep.

I think Liberals believe they are being kind to certain minorities and that this theft is part of Obama's redistribution of wealth.

That said, the Marxists who are manipulating these Liberals know full-well that the goal is not redistribution, but the destruction of our free market system.

11 posted on 05/13/2023 4:24:24 AM PDT by RoosterRedux (Bonhoeffer: “Silence in the face of evil is evil. Not to speak is to speak. Not to act is to act.”)
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To: odawg
Walgreens, CVS, Rite-Aid, etc., are way overpriced and carry a lot of junk merchandise. Their business model appears to be to get people to go in there to pick up their prescriptions which is way in back of store, forcing you to walk down long aisles crammed with potato chips, candy, and other junk so you can make impulse purchases on the way out. Many people still don't realize they can have prescription medicines mailed to their homes and when they do, what will be the purpose of going to these places?

Now not all retail is dead. In my town is a privately owned hardware store. It's not pretty. The aisles are narrow, the shelves are crammed, some parts of the store look like your uncle's messy garage with pegboards carrying sundry items on numerous hooks. But they have what you need 95% of the time without having to wade through miles of aisles at Home Depot or Lowes dodging uninterested workers in those silly aprons. Plus, the local hardware store in my town lets you take your dog inside and the owner has his golden retriever named Sally napping by the checkout counter.

12 posted on 05/13/2023 4:28:53 AM PDT by SamAdams76 (5,181,324 Truth | 87,174,230 Twitter)
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To: Gay State Conservative

I can’t remember the last time I went to a mall. Why should we pay their rent for them by buying something that’s 80% overpriced compared to the same thing at an outlet?


13 posted on 05/13/2023 4:33:45 AM PDT by SMARTY (“Liberalism is totalitarianism with a human face.” Thomas Sowell)
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To: SaveFerris

That’s what happens when you decriminalize crime.


14 posted on 05/13/2023 4:35:07 AM PDT by E. Pluribus Unum (The worst thing about censorship is ████ █ ██████ ███████ ███ ██████ ██ ████████. FJB.)
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To: SamAdams76
Once upon a time, you walked into the store with your shopping list and the clerk picked things out for you. Shoplifting was damn near zero:

15 posted on 05/13/2023 4:36:53 AM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: dennisw

Why go out to get your cheap Chinese crap when you can have it delivered by a 3rd worlder UPS dude on a green card.


16 posted on 05/13/2023 4:38:06 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: SMARTY

I go there for two reasons....1) it’s a *great* place to walk in bad weather and 2) it has a great supermarket.


17 posted on 05/13/2023 4:40:04 AM PDT by Gay State Conservative (Two Words: BANANA REPUBLIC!)
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To: dangus
I walk through Nordstrom’s because the underground parking area is right at their door. Hop on the elevator,press “2” and you're in the ladies department. It's flimsy dresses that I see that sometimes are listed at $1,900.
18 posted on 05/13/2023 4:43:07 AM PDT by Gay State Conservative (Two Words: BANANA REPUBLIC!)
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To: Gay State Conservative
No groceries at our malls. They're just a wall-to-wall assault on your senses, with everything ghastly in US popular culture.

Typically, only the worst elements of society and of course, 12 year old girls, LOVE the mall.

19 posted on 05/13/2023 5:05:25 AM PDT by SMARTY (“Liberalism is totalitarianism with a human face.” Thomas Sowell)
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To: dennisw

For ladies: Woman Within has reasonable prices and good quality clothing esp. slacks. Prices at Romans have just been cut across the entire catalogue to an affordable level.


20 posted on 05/13/2023 5:13:45 AM PDT by Ciexyz (Prayers for America.)
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