Thousands More Stores Are Now On The 2018 Retail Apocalypse Death List

Authored by Daisy Luther via The Organic Prepper blog,

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. (source) 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. For a list of self-reliant skills and links to places that will help you learn them, go here to my Self-Reliance Manifesto. No matter where you live, some of these skills will be applicable you, and it’s more urgent now than ever to put them into practice. To learn more about living through a societal and economic collapse, check out articles by Jose, who is currently trying to get his family out of Venezuela due to their own crisis. (Here’s one that is really enlightening.)

*  *  *

Is the retail apocalypse a sign of impending financial doom or merely a move toward a more digital society? Will unemployment begin to rise even further?

Comments

RAT005 HRH of Aquitaine 2.0 Sun, 03/04/2018 - 15:03 Permalink

If Toys-R-Us shut down leaving a gap, and toy margins are better than clothes margins then maybe JC Penney can hold on for a little longer with this little sector.

I've actually never heard of more than half of those stores.  I saw a Radio Shack a few months ago and prior to that I thought they already closed all of the stores.  And the 1 or 2 Michael Kors that I ever saw, I thought were just a couple of less than a dozen nationwide outlets.  I had no idea MK had its own retail chain.  I thought they were the house label of Ross.

I guess I need to get out more.  HomeDepot and CostCo are across the street from each other and a great full service grocery store on a third corner.  That and a car parts store down the street is 95% of my shopping in town and all of the odd ball stuff from Amazon.

In reply to by HRH of Aquitaine 2.0

techpriest Miffed Microbi… Sun, 03/04/2018 - 17:06 Permalink

I was talking with a friend of mine about his business idea, and generally speaking, automation is going to completely upend how we do business. The big box stores grew because there were many, many options other than what are offered at mom-n-pop's, and they were an intermediary to bring those options to you.

Now, what I call the "platform economy" is where companies like Amazon create a store of near-infinite size, not by actually selling anything, but by providing a logistics platform in which any one producer can sell to the world, and you can choose from any store in the world. While the platform aspect is centralizing (the platform owner gets a cut from everyone), it is also massively decentralizing because now anyone can buy from anyone.

IMO, the next stage would be a further decentralization in which you have community platforms. These would either be local shopping as a locational community (think Amazon, but only for people in your town or county), or as a distributed community (i.e. everyone with the same general hobby sells supplies and expertise to each other). There are open-source projects in the works to make this happen, and IMO we will see the return of mom-n-pop, but in the form of garage businesses that sell through community portals.

IMO the only thing holding back this decentralization is local governments. Cut back the property taxes and permit actual affordable housing to be built, and we could quickly create a situation where people live debt free, run a business out of the house, and nobody is beholden to a job that doesn't want to be.

In reply to by Miffed Microbi…

besnook techpriest Sun, 03/04/2018 - 18:53 Permalink

you were right for the first part of your post then you veered into utopia. i was sure back in the 90s that the internet would save the already dead rural america because the internet provided a virtual office/workspace that would interrupt the rural to urban migration at the root of rural economic problems. i thought kids would rather stay home than go to the city. it took 20 years but a good number of millenuials are deciding it's much easier to live on 12 bucks/hr in the country than in a pain in the ass city.

In reply to by techpriest

trulz4lulz max2205 Sun, 03/04/2018 - 15:25 Permalink

I made a rare visit to the mall yesterday so I could spoil my son on his birthday (he managed to grab 3 pounds of candy), as well walked in and out of basically stores full of bullshit, he turned to me and said, "Dad, why do so many adults still buy toys?". I hadn't really thought about it like that, but he is right. American adults have a strange obsession with toys, comics, movies, child like behaviors, and pre pubecent hobbies. In fact it's so disturbing that my 11 year old is turned off by toys because he sees it as something that creepy adults like.

In reply to by max2205

helloimjohnnycat max2205 Sun, 03/04/2018 - 15:45 Permalink

The " toy " stores will become sex shops.

The only turn involved will be tricks in the back rooms and your turn in the barrel.

scumbaggin', carpet-baggin jooz are behind anything & everything involving money, rent-seeking, and middle-manning the basic needs of human suckkers & fuckkers.

Take it to the bank and never let any joo stand behind you.

In reply to by max2205

Richard640 helloimjohnnycat Sun, 03/04/2018 - 18:10 Permalink

THE SO CALLED "NEW TESTAMENT" IS NOTHING BUT A DOCUMENT OF CONTEMPT TOWARDS THE JOOISH FOLK

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SHAME ON ALL OF YOU FOR DENIGRATING THE JOOS...YOU SPAWN...GET A LIFE...MAYBE 20 MILL JOOS IN THE WORLD OUT OF 7 BILLION? ARE U KIDDING ME? ALL THIS FOCUS AT THE U.N.--ALL THIS HATRED? WHAT THE F IS WRONG WITH YOU?...YOU FILTH...LOOK DEEP DEEP WITHIN YOURSELF...JESUS WAS A JOO, SO WHY NOT YOU? WHAT ABOUT UNCLE MILTIE? KIRK DOUGLAS?

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Teaching of Contempt Primary Source Sampler

https://www.bc.edu/content/dam/files/research_sites/cjl/texts/.../conte…

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The Christian Teaching of Contempt for Jews and Judaism: A Primary Source Sampler. Introduction. The debate over the Mel Gibson movie, The Passion of the Christ, has made it clear that most Christians simply are not aware of the history of Christian anti-Jewish teachings. These teachings were conveyed in several ways ...

Jules Isaac - Wikipedia

https://en.wikipedia.org/wiki/Jules_Isaac

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Jules Isaac was “a well known and highly respected Jewish historian in France with an impressive career in the world of education” by the time World War II began. Internationally, Isaac was most well known for his tireless work after the War in the field of Jewish-Christian relations, culminating in his decisive key role in the ...

Life · ‎Career · ‎Judaeo-Christian relations · ‎Death and legacy

The teaching of contempt returns | David Brog | The Blogs | The Times ...

blogs.timesofisrael.com/the-teaching-of-contempt-returns/

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Mar 27, 2014 - They recognized that centuries of negative Christian teachings about Jews and Judaism likely helped predispose Europe towards Hitler's racial anti-Semitism. ... It is agonizing to discover that the church's teaching of contempt [for the Jews] was a major ingredient that made possible the monstrous policy of ...

The Passion of the Christ -The Teaching of Contempt | Cosmic Navigator

https://cosmicnavigator.com/.../2004-02-01-the-passion-of-christ-the-te…..

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  1.  

This monumental and historical document provided certain guidelines one must follow when telling the story of the Passion of the Christ in order to prevent what is called "The Teaching of Contempttowards the Jews. Before 1965 the Jews were regarded as Diecides, meaning the slayer of God. From 1965 the church ...

Combatting Our Teachings of Contempt - Jewish-Christian Relations

www.jcrelations.com/Combatting_Our_Teachings_of_Contempt.4362.0.html?..

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Jules Isaac coined the phrase “the teaching of contempt” (l'enseignement du mépris) with reference to the Christian roots of anti-Semitism, which had been perpetuated by the Church for over 1800 years. It was Isaac's meeting with Pope John XXIII about this “teaching of contempt” towards Jews and Judaism, which was to ...

The teaching of contempt: Christian roots of anti-Semitism (McGraw ...

https://www.amazon.com/teaching-contempt-anti-Semitism-McGraw.../B0007F…

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In the work itself Isaac considers three teachings which have been particularly damaging. The first is the teaching that the dispersion of the Jews is 'providential punishment' for the Crucifixion. The second is the teaching that Judaism was in a 'degenerate' state at the time of Jesus. The third is the alleged crime of the deicide ...

Teaching Contempt: the Jew through Christian eyes - Taylor & Francis ...

www.tandfonline.com/doi/pdf/10.1080/1361767990200101

by GL Jones - ‎1999 - ‎Cited by 5 - ‎Related articles

to demonstrate how Christian teaching, based on a fanciful and erroneous interpretation of. Scripture, has been reflected in modem anti-Jewish attitudes. The evidence corroborates the view that much of Hitler's antisemitic propaganda was rooted in Christian thought. Introduction. Hostility towards Jewspermeates classical ...

The Teaching of Contempt: The Christian Roots of Anti-Semitism. By

https://academic.oup.com/jcs/article-pdf/6/3/382/2485125/6-3-382.pdf

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by R Summers - ‎1964

382. CHURCH AND STATE. The Teaching of Contempt: The Christian Roots of Anti-Semitism. By. Jules Isaac. New York: Holt, Rinehart and Winston, Inc., 1964. 154 pp. $4.00. The sub-title of this book is both definitive and alarming, The Christian. Roots of Anti-Semitism. The author is a French-Jewishhistorian known.

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In reply to by helloimjohnnycat

Albertarocks max2205 Sun, 03/04/2018 - 20:19 Permalink

"max2205 Stuck on Zero Sun, 03/04/2018 - 14:23 Permalink

J.C. Penney: They’ve closed 138 stores and plan to turn all the remaining ones into toy stores.

 

what!?"

 

Yeah, I think the plan is once JC Penney has closed 138 stores and converted the last remaining few into toy stores, Toy's R Us is gonna buy those new toy stores and then close 'em down.  That way they don't have to close any of 'their own' down, lol

In reply to by max2205

blindfaith Falcon49 Sun, 03/04/2018 - 17:44 Permalink

 

 

The god damn 401K destroyed all of it.  The 401k financed Amazon, Apple, and all the rest who took your jobs, your security, and with the help of the FED and thieving banks...you god damn homes.  And we sit and twiddle, ho my what happened.  What happened is you financed your own death and destruction.  Americans bought the show and there are no refunds folks.

I'll bet one worthless dollar that those in the market will stay in until it drops to zero...hoping for that windfall that ain't gona come, because they know YOU and you don't even know yourselves.

In reply to by Falcon49

venturen Stuck on Zero Sun, 03/04/2018 - 18:05 Permalink

First they came for the Socialists, and I did not speak out—
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out—
Because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out—
Because I was not a Jew.

Then they came for me—and there was no one left to speak for me.

In reply to by Stuck on Zero

in4mayshun HowdyDoody Sun, 03/04/2018 - 14:16 Permalink

It's not that people have lost interest in malls- it's that there's nothing interesting to draw people there any longer. You can go to any mall in America and find the same crap. In fact if I blindfolded you and dropped you in an average mall somewhere in America, you couldn't tell me where you were. If malls pushed the experience of shopping with unique stores and food, the crowds would return. Every night the best restaurants are packed, and why? Because they offer something you can't get everywhere. Retail just needs some new leadership and they'll be fine.

In reply to by HowdyDoody

HRH of Aquitaine 2.0 in4mayshun Sun, 03/04/2018 - 14:36 Permalink

People don't want or need more stuff. I finally bought new underwear from Duluth Trading Company. They stocked some boyshort-style underwear for women. Good! Took them long enough. No, it wasn't cheap and I will probably spend another $250 once I sort out what size to get and what style. I did a sample order of various sizes and styles and once I figure out what I like I will buy enough for two weeks.

I hate shopping. The only thing I have bought recently, in person, was food and some garden tools and a bag of ice melt.

I don't even go out for brunch these days. Why? I can make awesome eggs Benedict with hollandaise. I even like skimming the butter, now, to make clarified butter. Do you really think they are skimming the butter for you at Denny's? No. They are not.

In reply to by in4mayshun

Richard640 RAT005 Sun, 03/04/2018 - 18:20 Permalink

MY LONG LIFE BREAKFAST V.S. THE CHIC BREASKFSST U INGEST--THE HESRT DAMAGING/CARCINOGENIC BRESKFAST

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MY CEREAL=1/2 ORGANIC STEEL CUT OATS-1/2 WHOLE-not pearled-BARLEY--

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THEN MY "SOUP"=ALL ORGANIC TOO=SHITAKE MUSHROOMS-KIDNEY BEANS-LENTILS-CARROTS-GINGER-CORN--ORGANIC SWEET WHITE MISO INSTEAD OF SALT

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I BLEND IN A BULLITT BLENDER BOTH DISHES UNTIL CREAMY

 

In reply to by RAT005

Mr.Danglemeat HRH of Aquitaine 2.0 Sun, 03/04/2018 - 16:07 Permalink

A few months ago, I had to go to Walmrt to fill my scrip,(thyroid, B.Pressure) and as I skirted the store so not to have to interact with anybody, I walked down an aisle of surplus gardening stuff...Heavens!! I found El Dorado! 1.5 lb. boxes of Miracle Grow for a buck! That shit never goes on sale!! so I bought it all..cases of it..I know, I know, don't use artificial fertilizers..yada, I don't use them on anything I'm eating from the Garden, but at a buck a box I can squirt it on the lawn and keep my woman happy, and you know what they say.."if your woman's happy, she'll quit bothering you..she might even let me listen to music that I like".  

In reply to by HRH of Aquitaine 2.0