More than 3,600 stores are closing as the retail apocalypse drags on

[Yo_Mama_Been_Loggin]

Retailers are expected to close more than 3,600 stores this year, following record-high rates of closings last year.

More than 9,300 store closings were announced in the US in 2019, smashing the previous record of roughly 8,000 store closures in 2017, according to an analysis by Business Insider.

The number of store closings this year could be even higher than previous records, according to estimates from the real estate firm Cushman & Wakefield. The firm estimated last year —prior to the coronavirus pandemic — that as many as 12,000 major chain stores could close in 2020.

The pandemic is now putting even more stores in danger of closing, as retailers grapple with dramatic drops in sales in traffic.

https://www.msn.com/en-us/money/companies/more-than-3600-stores-are-closing-as-the-retail-apocalypse-drags-on/ss-BB13V2cJ?li=BBnbfcL

[chia]

1. "More than 9,300 store closings were announced in the US in 2019, smashing the previous record of

roughly 8,000 store closures in 2017..."

This was going on long before Covid, even if Covid hammers the final nails. I have mixed feelings about it, my concern for the loss of jobs runs up against my aversion to consumerism. The behemoth that is Amazon is another conundrum on so many levels...

[Initech]

2. Soon it's only going to be two companies - Amazon and Costco.

*cue up the 16 Tons montage*

[jimfields33]

3. Walmart, Amazon, BJ's and Costco

Yieks! Happy days.