Thursday, March 3, 2016

RETAIL CARNAGE HAS ONLY JUST BEGUN...........

RETAIL CARNAGE HAS ONLY JUST BEGUN

#1 Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more "unprofitable stores" by the end of this year.

#2 It is being reported that Sports Authority will file for bankruptcy in March.  Some news reports have indicated that around 200 stores may close, but at this point it is not known how many of their 450 stores will be able to stay open.

#3 For decades, Kohl's has been growing aggressively, but now it plans to shutter 
18 stores in 2016.

#4 Target has just finished closing 13 stores in the United States.

#5 Best Buy closed 30 stores last year, and it says that more store closings are likely in the months to come.

#6 Office Depot plans to close a total of 400 stores by the end of 2016.

#7 Wal-Mart is closing 269 stores, including 154 inside the United States.

#8 K-Mart is closing down more than two dozen stores over the next several months.

#9 J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

#10 Macy's has decided that it needs to shutter 36 stores and lay offapproximately 2,500 employees.

#11 The Gap is in the process of closing 175 stores in North America.

#12 Aeropostale is in the process of closing 84 stores all across America.

#13 Finish Line has announced that 150 stores will be shutting down.

I GUARANTEE THESE NUMBERS WILL BE MUCH WORSE AND MANY MORE CHAINS WILL ANNOUNCE BIG CLOSINGS AND EMPLOYEE LAYOFFS BEFORE THE END OF 2016. 


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