Retail stores don’t generally close en masse in a strong economy. From Michael Snyder at themostimportantnews.com:
Why are retailers closing thousands of stores if the U.S. economy is in good shape? Of course the truth is that the U.S. economy is not in good shape at all. The cost of living crisis is absolutely crushing working families all over the nation, and U.S. consumers simply don’t have as much discretionary income as they once did. Needless to say, our retailers are highly dependent on discretionary spending, and many of them have been reporting very disappointing sales numbers recently. Sadly, the problems that our retailers are experiencing are only going to intensify as U.S. economic activity continues to slow down.
According to CBS News, U.S. retailers have announced the closing of more than 3,000 locations in 2024…
The retail industry is going through a tough time as it copes with inflation-weary consumers and a rash of bankruptcies, prompting chains to announce the closures of almost 3,200 brick-and-mortar stores so far in 2024, according to a new analysis.
That’s a 24% increase from a year ago, according to a report from retail data provider CoreSight, which tracks store closures and openings across the U.S.
The closing of 3,200 stores sounds really bad, but it is important to note that the quote above is from a CBS News story that was published on May 13th.
Since that time, there have been a lot more store closing announcements.
Schneider! Doom or be doomed.
Doom is your friend.
Alinsky and burn this MOFO Down work for us now.
The dollar stores are doing well and you’ll see people getting all of their groceries there with $100 orders and the stores expanded the menu with some price increases and item upgrades, now several stores within a few blocks locally and several more in surrounding counties.
Only those with money to burn or economic cluelessness still buy bleach, paper towels, TP, and similar items at the Sack-N-Save or Big Box Mart.
Jim Bob’s tobacco barn is expanding as well due to high taxes on cancer sticks and other smoker’s delight items.
Found a cool Cohiba box on Early AM Walkabout, with clear glass front, you put your gars in it.
If Sparkletits (s/) gets in it will be even worse?
Si se puede!
This just in from White Zombie:
Revenge