The Latest In Store Closures – Hey Isn’t The Economy Booming?

Trump's Booming Economy

Don’t believe the lying fake news media – the economy is tanking because people don’t have money any more.  There’s a lady who drives a nice car and lives in a nice neighborhood, but she can’t afford to pay an $80 bill that’s two months overdue.

  1. Abercrombie & Fitch: 60 more stores are charted to close.
  2. Aerosoles: Only 4 of their 88 stores are definitely remaining open.
  3. American Apparel: They’ve filed for bankruptcy and all their stores have closed (or will soon).
  4. BCBG: 118 stores have closed.
  5. Bebe: Bebe is history, and all 168 stores have closed.
  6. Bon-Ton: They’ve filed for Chapter 11 and will be closing 48 stores.
  7. The Children’s Place: They plan to close hundreds of stores by 2020 and are going digital.
  8. CVS: They closed 70 stores, but thousands still remain viable.
  9. Foot Locker: They’re closing 110 underperforming stores shortly.
  10. Guess: 60 stores will bite the dust this year.
  11. Gymboree: A whopping 350 stores will close their doors for good this year.
  12. HHGregg: All 220 stores will be closed this year after the company filed for bankruptcy.
  13. J. Crew: They’ll be closing 50 stores instead of the original 20 they had announced.
  14. J.C. Penney: They’ve closed 138 stores and plan to turn all the remaining ones into toy stores.
  15. The Limited: All 250 retail locations have been closed and they’ve gone digital in an effort to remain in business.
  16. Macy’s: Seven more stores will soon close and more than 5,000 employees will be laid off.
  17. Michael Kors: They’ll close 125 stores this year.
  18. Payless: They’ll be closing a whopping 800 stores this year after recently filing for bankruptcy.
  19. Radio Shack: More than 1,000 stores have been shut down this year, leaving them with only 70 stores nationwide.
  20. Rue 21: They’ll be closing 400 stores this year.
  21. Sears/Kmart: They’ve closed over 300 locations.
  22. Toys“R”Us: The 70-year-old company has announced the closure of all 735 of its stores, and has begun company-wide liquidation sales.  Its bankruptcy will leave 33,000 people without jobs.
  23. Wet Seal: This business is history – all 171 stores will soon be closed.

And these are just the companies who have announced store closures so far – the bloodletting has just begun.

Thanks to Don McAlvany and the McAlvany Intelligence Adviser Newsletter for assembling this list.

To Subscribe: THE McALVANY INTELLIGENCE ADVISER • P.O. BOX 84904 • PHOENIX, ARIZONA 85071 or call 877-622-5826 or email MIA@McAlvany.com

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Pen

Pensamiento Peligroso writes the truth as he sees it, and if it upsets you, then it makes you think!

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