Posted on 12/31/2023 9:03:00 AM PST by CFW
Major retailers have experienced a wave of store closures in 2023, an 80% surge from the year prior, Coresight Research reports.
The top reasons include bankruptcy of one major chain and some stores just not performing well in certain areas. The continued growth of online shopping is another factor, and other retailers said that theft is a major reason for their decision to close some stores, according to CBS News.
When Bed Bath & Beyond filed for bankruptcy in April, it led to the closure of 866 stores, a Coresight report finds. The second largest number of closed stores was from Tuesday Morning, with 463 closures. U.S. retailers closed down more than 4,600 stores altogether in 2023.
(Excerpt) Read more at justthenews.com ...
Well, Amazon is smiling.
And it is so nice to shop from phone or computer.
Who needs stores when soon, none of us will have any money.
Few can survive the retail theft by the perpetually-aggrieved
That money is still being spend, it is just being spent at Amazon and Costco.
(Who needs stores when soon, none of us will have any money.)
Hooray for Joe Biden!!!
The US has far more retail space than is needed. Our retail system is costly and inefficient.
Retail space per capita in selected countries worldwide in 2018
https://www.statista.com/statistics/1058852/retail-space-per-capita-selected-countries-worldwide/
They just steal it from porches now.
One word sums it up:
BIDENOMICS!
Into 2024 we go. Let’s all get a great big head start:
The economy is booming!! Bidenomics are gold!!
And if you even say or think otherwise, you are a threat to “Our Democracy!!”
/s in case anyone thinks I am serious.
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Speciality stores prices skyrocketing to combat Shoplifting.
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Shoplifting is surely a factor for some stores.
Amazon is for election riggers. I use eBay. They may be libtards as well but they keep their mouths shut.
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That sounds like every damn network.
Cheerleaders while people are struggling.
Joe’s vacationing in $30 MILLION dollar Island homes of his Donors, just as he’s done his entire Career.
I distinctly recall during the Carter years driving by many strip malls with maybe one or two stores in them.
You are 100% correct
Too much of the ‘quality’ at Amazon is flea market crap... that’s the price we’re paying for losing our stores.
This number is meaningless without comparing it to the number of new stores opened.
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