That is more than double the 9,832 stores that closed in 2019, according to Coresight Research. So far this year major U.S. chains have announced more than 5,000 permanent closures.
More buying is shifting online, and consumers are spending less than they did a year ago as they shelter at home, get furloughed or lose their jobs. A growing number of chains that were struggling before the health crisis...
New stores moving in
Maybe in America retail shops will finish, not in European countries that enjoy the human contact, & old fashion timeless kindness in nice diverse shops in high streets.
DollaGen is straight trash. Their stores are full of junk.
We have to rethink other ways to consume in a more sustainable way, it's not the retail apocalypse, maybe it's an opportunity that we must face
People are buying online. It is not just the virus.
We went from JC Pennys to Dollar General in one presidential term. One more term we will be eating at soup kitchens. 😎
Retail apocalypse? Lmfao
Yet JC Penney just gave millions in exec bonuses. Weird.
Or... income inequality is skyrocketing and it’s evident in retail landscape 🤷♂️
They were closing lots of stores even before the pandemic. The retail apocalypse started years ago! It has been on YouTube for eons! Don't bother trying to convince us that it was ecommerce, since it was just 10% of all sales before the pandemic. The pandemic just accelerated it.
yellokeith Retail closures look like those were already run badly
jasonzweigwsj barbarakahn
jasonzweigwsj These companies were in trouble well before Coronavirus was a thing ... and you left Sears out. Somehow they’re still a thing.
WHO care$$ Licke hawr my Chocolate You by Lindt CH&Ritter DE You by DE Hakler&Nemetz Wappen in Co.Produkt CRO. No Milk.a No shoot pulv Gou by US hehe Loose Money First,Sale after
IMO these companies were in deep trouble before the virus. COVID-19 is just something convenient to blame it on.
Trumps Economy. We're all broke now...
As they target the newly minted aspirational poor
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hksk2007
H&M closes two time 23 stores?
There isn't going to be a 'retail apocalypse'. Every retailer that's shuttered recently was already on their last breath. COVID has become a convenient scapegoat. There will be no apocalypse, but there will certainly be an even greater/swifter shift toward ecommerce.
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