We Have Tripled The Number Of Store Closings From Last Year

Did you know that the number of retail store closings in 2017 has already tripled the number from all of 2016?

Last year, a total of 2,056 store locations were closed down, but this year more than 6,700 stores have been shut down so far.  That absolutely shatters the all-time record for store closings in a single year, and yet nobody seems that concerned about it.  In 2008, an all-time record 6,163 retail stores were shuttered, and we have already surpassed that mark by a very wide margin.  We are facing an unprecedented retail apocalypse, and as you will see below, the number of retail store closings is actually supposed to be much higher next year.

Whenever the mainstream media reports on the retail apocalypse, they always try to put a positive spin on the story by blaming the growth of Amazon and other online retailers.  And without a doubt that has had an impact, but at this point online shopping still accounts for less than 10 percent of total U.S. retail sales.

Look, Amazon didn’t just show up to the party.  They have been around for many, many years and while it is true that they are growing, they still only account for a very small sliver of the overall retail pie.

So those that would like to explain away this retail apocalypse need to come up with a better explanation.

Source: We Have Tripled The Number Of Store Closings From Last Year

"Pursuing Truth, Defending Liberty"

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Posted in america, current events, freedom, life, news, random, real news, truth, uncategorized
3 comments on “We Have Tripled The Number Of Store Closings From Last Year
  1. Meanwhile all the people who worked for those stores have lost their jobs – so much for the so-called recovery.

    Liked by 1 person

  2. The economy has been sliding for 10 years….Fewer and fewer people have anything resembling true prosperity. Credit stretched thinner, fewer substantive jobs, fewer meaningful assets and more people evermore distracted…..Like watching an addict at the end of their run. Something has to give and I’m not hopeful when it does……

    Liked by 1 person

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