6000+ Stores Closing in 2019

cnn.com/2019/04/16/business/store-closures-retail-bankruptcies/index.html
>New York (CNN Business)America has too many stores. This year, US retailers have announced that 5,994 stores will close. That number already exceeds last year's total of 5,864 closure announcements, according to a recent report from Coresight Research.

>Bankruptcies in the retail sector are piling up and chains have aggressively closed under-performing stores. That has led to an uptick in store closures this year.
Payless, Gymboree, Charlotte Russe and Shopko have all filed for bankruptcy this year and will close a combined 3,720 stores, according to the report. The majority of those are because of Payless, which filed for its second bankruptcy in February and said at the time it would shutter 2,100 stores in the United States. Other retailers, such as Family Dollar, GNC (GNC), Walgreens (WBA), Signet Jewelers (SIG), Victoria's Secret and JCPenney (JCP), are struggling and are shrinking their store footprints to save money. Family Dollar will close 359 stores this year, while Signet Jewelers, the parent company of mall stalwarts Kay, Jared and Zales, will close 159. Even thriving retailers such as Target (TGT)and Walmart (WMT) are quietly closing a handful of their stores — although those companies are opening some, too. And department stores such as Nordstrom (JWN), Kohl's (KSS) and Macy's (M) are shuttering a few stores each.

>Online sales make up around 16% of retail sales today, but they will rise to 25% by 2026, UBS analysts estimated in a research report last week.
That could force up to 75,000 stores to close by 2026, including more than 20,000 clothing stores and about 10,000 consumer electronics stores, UBS estimates. Thousands of home furnishings and sporting goods stores will also need to close as online shopping grows rapidly.
So in the future, there's only going to be luxury stores, dollar stores, and everyone else shops online?

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Crisis is coming

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All the stores you listed suck ass

usatoday.com/story/money/2019/04/11/freds-store-closings-2019-discount-chain-shuttering-159-stores/3425057002/
>Discount chain Fred's is joining the growing list of retailers shuttering stores amid slumping sales.

>The Memphis-based company announced Thursday that it would close 159 underperforming stores by the end of May with "going out of business" sales starting Thursday as it looks to reduce its store footprint and "evaluate strategic alternatives."

>The retailer said in a statement that it retained investment banking advisory firm PJ Solomon to assess its options "to maximize value" and hired liquidation firms Malfitano Advisors and SB360 Capital Partners "to help manage the process and ensure a seamless experience for customers."
Oh those vultures are MAXIMIZING VALUE alright. My local Fred's is one of the stores closing.

In fairness, when was the last time you bought something that wasn't food/consumable at a local business instead of online?

Why would anyone go to a store when you can click a button and have it delivered to your door in 48 hours or less?

>closing stores instead of pricing items cheaper to compete with Ross and Burlington who are doing quite well in the brick and mortar sales

Gee i wonder why nobody shops at the traditional mall when niggers ruin everything and everything there is overpriced chinese slave labor clothing.
It's so much easier and cheaper to get the exact same chinese slave labor clothing at the strip mall with a Ross.
we don't even need to get into the kike run diamond business.

>The jewelry industry is plummeting
lmao imagine giving a fuck about some rocks to wear as accessories, if you're not cutting with diamonds in a lab or sanding it makes little sense.

AUTOMATION!
VOTE ANDREW YANG 2020!!!

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Funny how Family Dollar built a bunch of fucking stores 10 years ago.
Same with Walgreens.
They closed any store not on a corner and rebuilt stores nearby, plus hundreds more, on corner lots. Now less than ten years later they're closing the same ones.
Fucking brick and mortar stores with unreliable employees.
Meanwhile, there is a pharmacy in pretty much any grocery store.
All these outdated businesses are just being Darwined for not advancing with the changing marketplace.

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Well i would be more worried about how people fired gonna get another job for payings their loans and what can happen if theirs too much credit's defaults and how banks can react if they got too much credits defaults.

Based

I hear Amazon is hiring

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>lmao imagine giving a fuck about some rocks to wear as accessories, if you're not cutting with diamonds in a lab or sanding it makes little sense.
True this. As least actual gold and silver coins appreciate over time and have historical value. Jewelry is fucking trash.

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>store doesn't make any money
>it closes
Nothing of value was lost. Nobody even notices because nobody was shopping there, so... Who cares?
Breaking news. Water is wet. More at 11

Good, this is what Boomers deserve when they don't hire people that have been out of work for an extended time. Don't be surprised when hordes of people give up searching for work causing your businesses to fail because they don't have the money to shop in your store anymore.

I hate apes as much as the next guy but at the two busy malls near me, niggers seem to be much less of a problem and more docile at a mall than anywhere else

The authentic and social shopping experience.

Not having to go to stores filled with disgusting nigs, spics, and rednecks is joyous for me.

who cares about that, tell them about the food shortages that will have city people eating each other inside a week once the well runs dry

Well the people working there and the local economy crashing. Job loss is directly linked to hard drug abuse, you'll have junkies on every street corner

well luckily for you junkies cant smoke up if they have no money so they'll have to windowshop in your neighborhood!

>Amazon, fast, cheap, asshole-free service
>Retail, moderate, overpriced, asshole service

>Retailers: why are we going out of business?

Decades of fucking employees finally comes around to bite them in the ass. Good and good riddance too. They are worthless, didn’t anticipate the times and got arrogant, thinking people valued human interaction more than they do saving money and getting reliable service. Can’t wait till all old school retail stores go out of business

Oy vey we need more illegals to keep the wages down. Henry Ford was a racist!

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you gotta have less jobs created by amazon than people fired since they automate/automatize (idk how you call it). Plus my point is when banks will (like in 2008) have too much credit's default that they won't loan anymore or even probably get in faillure.
Crisis is coming,bankers dance and the average american still have the head in clouds.
End of the game in few decades for you ,Can God bless you because you're all innocents.

Has that ever existed in your lifetime?

>cant smoke up if they have no money
they'll just go steal some shit and get some money

Not him but no.

>America has too many stores.
america's wealth is declining along with our IQ.
genius sperm banks are needed.

Tell that to to the parents of the 5 year who was thrown off the 3rd floor by a pavement ape.

Based socialism

Everything is moving online. Returns work easier online, no driving in most cases. The good news for real estate buyers, a lot of retail space will need to be rezoned to residential. The next thing to go will be the NEED to live in cities for work, more people will be working from home, less need for office space and those offices will be redeveloped into residential space too.

I just got a backpack (((worth))) $50 for like 20 bucks, and ross has to be making a kick ass profit off of that backpack otherwise their system wouldn’t have lasted this long

The only solid argument is sentimental value, like if you gave your girlfriend an engagement ring that’s been passed down through generations assuming she’s not just gonna take off with it

>Ross and Burlington

Those are a little too “urban” for me.

>The authentic and social shopping experience.
>Being forced to deal with niggers and half retarded teenagers
I'll stick with online shopping

I bought like 8 backpacks from kmart for $5 each after I determined that they weren't going to tear apart on me at around the time that kmart was starting to go down the drain.

I still have most of them. I carry 20-50lbs in them every day back and forth to work and manhandle them if and when I have to chuck them in my car. I forget who makes them, I'm just saying it pays to shop around, especially if it's the 2007 housing crisis and you don't have much money to spend on EXTREME gear.

I'm really curious wtf will happen to all this "space". I could see 100 years from now 90% of people never leaving a small area and not realizing there are endless fields of decay from a time they don't understand.

Isn’t this really because of people like mitt Romney?

It'd be cool if they turned into housing or maybe a public garden or something.
All these abandoned malls are neat.

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well let's see, they have gone from 33 dollar per share on the stock market in 2014 to 99 dollars today.
sounds like their business model is profitable and satisfies investors at the same time when a 5 year timeline is like that.

Property and health codes would never allow it. That's why they demolish old buildings. At some point that's less expensive then bringing them up to code.

That's even the excuse for 9/11.

So you want a monopoly that pays it workers shitty wages? And will rise proces once all their competition is dead? Can neolib boomers get the fuck off this board and go to zero hedge.

And yet rent will still be insane. Here they renovate abandoned factories and charge $1500/mo so you can live in a small section of some dump full of asbestos with pipes going through your fucking ceiling.

Bingo. I’m wondering if this will crash real estate bubble

Here in Toronto they're going to tear them down and build glass condos on that space.

They put a giant arcade/bowling alley where the Kmart no one cared about was. That place is awesome now & filled with people. If you don’t adjust your business strategy to fit with the times you’ll fail, simple as that. No one is going to go to some shitty store if they don’t have to

Correct: regentrifying. And then the beehive will be packed full of poos and chinks to fund the globalism.

Fun fact: all-glass is because the long-term psychological operation is to get people to want to expose themselves. That's why it's all about selfies and sharing naked body pictures and having a social media identity. It all feeds in to transhumanism.

What does that even mean.. I can’t even get a group of girls to go shopping with me

Old Enterpise's end, new enterprise starts and repeat. People think if we stay in the EU then companies won't shut down. How very wrong they would be. They will shut down and start up if we are in or out. And the same will be happening all over the world, UK / USA / EU etc.

This sort of thing happens every day. Get used to it.

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Why would girls go shopping with you? So you can sperg over a lawnmower or just the right connector for your garden hoses? Girls only want you to go shopping with them so they they have attention and social approval and don't have to pay for it.

Get a brain, moran.

Those jewelry companies are failing because their stuff is Indian garbage with poor customer service. That and it's boring as fuck looking.

Yeah but you should check how many new ones are started before you start acting like you know something......dickhead.

this really fucking sucks YOU GUYS DONT KNOW HOW BAD ITS GONNA GET
>6000 stores
>mayhaps have 20 employees
>120000 new york democrat voters start migrating to other states for work, bringing their hillary 2016 hats with them
FUCK FUCK FUCK

Based. Maybe now we can reclaim the beauty of our country and have less pavement/shopping malls/box stores etc.

There is nothing more soul crushing than a WalMart or KMart just teemig with migrants, niggers and degenerates. The sooner all these stores close the better.

Yeah but I make horse carrages and I am bearly making it.

I go to shitty stores like Gabriel brothers because it’s just so insanely cheaper. They get the cast off goods from better stores, I used to get $150 jeans from Barney’s (they don’t always take the tags off correctly) for $20. Just have to make sure there aren’t holes and the zippers work.. I sold a ton of them on eBay for at least 50% profit too.

Studies have shown that the US has 2.1-2.5 the amount of retail "needed" since the early '00s, yet they still kept slapping up more.

As a consultant who does M&A and post-BK restrucutring work, I have sat in boardrooms where this is acknowledged and bemoaned. . . then in the next breath the customer execs are talking about the next round of expansion.

Retailers are all retards.

I don't want to wait 48 hours on my groceries when I can get then in 20 minutes.

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So? When retailers fail it's because nobody wants to shop there anymore. It's good for stores nobody wants to fail because it frees up resources for more productive uses.

Consume you goys...

Keep buying chinese prison labor electronics and 11yr old Thai made clothes marked up a reasonable 800%!

Whats that? You dont wanna buy buy buy?

Oi vey! You must be an anti-semite!

No you didn't shut up

Niggers ruined going out in public so whites shop at home

more like
>IF YOU DONT BUY MORE CLOTHES THAN YOU NEED THEN OUR CHEAP MIGRANT WORKERS WILL BE OUT OF A JOB

i keep seeing pol blame niggers for abandoning malls but really its the fact that we never recovered from 2008. if you didnt get fired you at least got a mass paycut. those who got fired are working retail making very little. definitely dont make enough to waste 50 on greasy fast food and another 30 on a gag toy

And the free market marches on!

Honestly, less faggot mini malls everywhere would be great.

I’ve worked for these companies before. The problem is the owners are too far detached from what is actually going on in their stores. For instance, Bain Capital owned Gymboree since 2006. Wtf does Mitt Romney know about children’s clothes? Apparently nothing because they consistently lost money every year until claiming bankruptcy two years ago and then eventually shutting down the entire operation.

Complacency is the order of the day, but no worries because with capitalism the retail stores that adapt, survive. And the ones that don’t, don’t.

Good. We need a hard collapse. Boomers will reap what they've sown.

The future of shopping will be a combination of personal assistant AI's (artificial intelligence) and interactive VR (virtual reality) from the comfort of your own bedroom, with drone delivery service to your door as a cherry on top. Imagine billions of half-breed mutts with no racial identity connected to their devices, spending their universal basic income on the latest gadgets and vacuum packed NASA space food.

and its beautiful. there is no downside to this.

Walmart will be alright. I just lost my overtime in 2008 along with the walmart radio overnights show with Tom Ledabrand. The most that will happen to me is that I'll lose some hours, but nothing too catastrophic. I was fine during the recession.

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Its soon to be private American prison labor once the US tells china to fuck off. No wonder why they are popping up left and right?

not. theyll get bailed out. like they were bailed out in 2008

This, unfortunately. We will never get organic market correction. And the necessary pain involve to go through such a Time will never be experienced

Yeah, I'm going to buy a fucking tard helmet and goggles to do my shopping.

>So in the future, there's only going to be luxury stores, dollar stores, and everyone else shops online?

Well of course. You've taxed them out of business.

Nah they tear them down and replace them with a Costco/Sams + Target/TJ Maxx/Ross

>CNN
You expect us to click that shit new fag?

Being able to get my product without having to go around a store with black people blasting music or having a phone conversation on speaker phone?

You nailed it

Dont live around niggers.

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The people working there were unproductive retards, clearly

It's entertainment. I grew up when it was old fat white cat ladies at the DMV. Now it's full of niggers. They shout all kinds of shit across the room at each other.

Those stores only exist by buying up unwanted stock at cut rate prices from other stores and vendors. They're a distinct part of the retail food chain that relies on bigger and more normal stores.

>the beehive will be packed full of poos and chinks to fund the globalism
Oh Christ, this rings true.

They even kick the niggers out to make room for dem pojects (dey usestabe called da pee-jays). I heard somebody the other day say at this rate they'll have sitlos in the US. Jokes on them, they're already in Manhatten and they foul up the traffic like only Asians can.

A collapse is beyond necessary at this point. We need a do-over.

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>20-something
>rent is a crime, wages are trash, tons of school debt, can barely afford to eat
>can buy something for 3x dollars in a store
>or get something BETTER for x dollars online
Amazon deserves their wealth. fuck boomers.

Some of us have social anxiety and don't like to venture out much..

I hardly ever buy stuff online.

Amazon has no overhead in comparison.

It’s not really a problem. If society is smart they use the excess labor in health care, education, police etc.

>Female managers
>Black cashiers
>Illegals in the backroom
>Neo-Lib/Cuck CEOs who pledge allegiance to China
Fuck retail. Let it burn to the ground.

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Aw hell naw. I need this job until my death.

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Amazon doesn't have to hire cashiers. The only thing Amazon needs are truck drivers and warehouse workers. Even truck drivers can be replaced with 3rd party distribution drivers. If Amazon wanted they could even get rid of the warehouses but the problem is the lack of back stocking and potential for double booking purchased items.

>tennis balls on the chairs
It's like training for putting them on walkers. Wallyworld truly picks up where Ringling Bros left off.

i can't wait for the jobs to go work-from-home. all these businesses could slash overhead that way. The average business campus pays at least six figures a month for electric, for example. work from home model, the employees all pay their own computer operation costs. i wish boomers would fucking DIE faster so we can move on. fuck commutes, fuck office politics, fuck collared shirts, fuck cubicles, and fuck shitty lunch breaks where you can eat a crappy sandwich or pay $12 for a shitty sandwich that's 9/10ths bread. convert all the office towers into luxury flats.
boomers did their best to destroy this world but the internet will save it anyway.

>prefers niggers delivering all his purchases to his home.
>gets all his purchases stolen by niggers