ARTICLE

Thousands More Stores Are On The 2018 Retail Apocalypse Death List

News Image By Daisy Luther/Organic Prepper March 06, 2018
Share this article:

Every year, it seems like more and more retail outlets are going out of business, resulting in the loss of jobs and local supplies. 

Last year, hundreds of stores closed, and this year, even more shops are scheduled to shut their doors for good.


The 2018 Death List

This year, in an effort to save their businesses, the following retailers will close hundreds of their stores, according to Fox Business.

- Abercrombie & Fitch: 60 more stores are charted to close
- Aerosoles: Only 4 of their 88 stores are definitely remaining open
- American Apparel: They’ve filed for bankruptcy and all their stores have closed (or will soon)
- BCBG: 118 stores have closed
- Bebe: Bebe is history and all 168 stores have closed
- Bon-Ton: They’ve filed for Chapter 11 and will be closing 48 stores.
- The Children’s Place: They plan to close hundreds of stores by 2020 and are going digital.
- CVS: They closed 70 stores but thousands still remain viable.
- Foot Locker: They’re closing 110 underperforming stores shortly.
- Guess: 60 stores will bite the dust this year.
- Gymboree: A whopping 350 stores will close their doors for good this year
- HHGregg: All 220 stores will be closed this year after the company filed for bankruptcy.
- J. Crew: They’ll be closing 50 stores instead of the original 20 they had announced.
- J.C. Penney: They’ve closed 138 stores and plan to turn all the remaining ones into toy stores.
- The Limited: All 250 retail locations have been closed and they’ve gone digital in an effort to remain in business.
- Macy’s: 7 more stores will soon close and more than 5000 employees will be laid off.
- Michael Kors: They’ll close 125 stores this year.
- Payless: They’ll be closing a whopping 800 stores this year after recently filing for bankruptcy.
- Radio Shack: More than 1000 stores have been shut down this year, leaving them with only 70 stores nationwide.
- Rue 21: They’ll be closing 400 stores this year.
- Sears/Kmart: They’ve closed over 300 locations.
- ToysRUs: They’ve filed for bankruptcy but at this point, have not announced store closures, and have in fact, stated their stores will remain open.
- Wet Seal: This place is history – all 171 stores will soon be closed.

And these are just the people who have announced store closures so far. In an environment hostile to brick and mortar businesses, more are sure to come.


Tens of thousands of jobs will be lost.

Even if you don’t like to shop, this is a sign of economic trouble. The malls that sit empty are a sign of massive unemployment.

Jobs in the retail sector are the most prolific in America, employing 4.3 million workers as salespeople and 3.3 million workers as cashiers. The current store closures mean the end of employment for tens of thousands of workers.

All in all, the collapse of the retail industry could, at some point, put the livelihoods of more than 7 million people in jeopardy. Perhaps the doomsaying economists like Peter Schiff and Dave Kunstler are right when they warn that a Great Depression the likes of the one in the early 1900s is upon us. 

That means not only massive unemployment but also massive hyperinflation, making it nearly impossible to stay fed.

Let’s add to rising retail unemployment the move to more self-checkout, more AI, and more computerized systems instead of human staff. It’s not too hard to understand why people could soon be dependent on a Universal Basic Income and a return to an almost feudal society.

A Great Depression now would be far worse than the historic one we all look back on.

And if that’s the case, it’s bound to be even worse. Back in 2006, our urban population exceeded our rural population for the first time ever. This means that people will be unlikely to have the space to grow food for self-reliance.


As well, we’ve gotten so far away from the skills of self-reliance that it’s practically a lost art. Our society is one of consumers, not producers, and this means that in a depressed economy, many more people will be at the mercy of government handouts. And let’s face it, in a depression, those handouts, if they happen at all, will be very sparse.

These days, most folks don’t know how to grow food, preserve food, sew, or build. 

Is the retail apocalypse a sign of impending financial doom or merely a move toward a more digital society? 

Originally published at The Organic Prepper - reposted with permission.




Other News

July 30, 2020FedCoin: A New Digital Dollar Scheme For Tyranny Coming Soon?

If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that i...

July 30, 2020Biggest Threat To The LGBT Movement: Ex-Gays Speaking Out

Ex-gay colleagues have already informed me that their content is being removed from Facebook and their pages are being shut down, simply f...

July 30, 2020Turkey's Pan-Islamist Vision: From The Hagia Sophia To Jerusalem

The decision to Islamize the Hagia Sophia, and Erdogan's subsequent declared "return to freedom" of Al Aqsa Mosque -- which stands in the ...

July 29, 2020Israel Prepares For Next Hezbollah Attack

The Israel Defense Forces remain on high alert along the Lebanese border in anticipation of a potential new attempt by Hezbollah to launch...

July 28, 2020New Poll: Americans See The Hand Of God At Work In Current Events

Sixty-three percent of religious Americans say that the novel coronavirus pandemic is a sign from God, telling humanity to change its ways...

July 28, 2020Taking A Stand Against Marxist Ideology

When the entire league is kneeling, it only takes one player to stand out. Christians need to take a page out of Sam Coonrod's book and fi...

July 28, 2020No Time For Cowardice - Courage Can Be Costly

The man was August Landmesser, and "he refused to do the 'Sieg Heil' salute during a Nazi rally at the Blohm & Voss shipyard in Hamburg on...

Get Breaking News