Retailpocalypse - A Record 9,300 Stores Closed Across US In 2019 | WHAT REALLY HAPPENED

Retailpocalypse - A Record 9,300 Stores Closed Across US In 2019

Authored by Jack Phillips via The Epoch Times,

A report found that more than 9,300 stores have closed or are closing across the United States in 2019, including locations operated by Payless, Gymboree, Fred’s, Walgreens, Family Dollar, and many more.

According to a report (pdf) by Coresight Research, which released its year-end report on the closing stores, 5,844 stores closed in 2018. In 2019, 9,302 stores were reported to have been shut down or were going to be shut down, which is a 59 percent increase over 2018.

Webmaster's Commentary: 

I know that frequently, numbers like these, from heavily discounted retailers, are blamed on on-line shopping, but that is not the only cause for these closures; people just don't have any additional income to spend, period, end of discussion.

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