RETAIL APOCALYPSE: MAJOR US CHAINS CLOSING 6,000 STORES NATIONWIDE

Liberals will be hard pressed to tout Obama’s economic success after the retail apocalypse has been fully realized.

With thousands of stores being closed across the country, the Federal Reserve will have a hard time propping up our failed economy with QE and zero-interest polices after confidence is finally completely shattered.

Our government has been preparing for massive civil unrest and many fear that the coming Jade Helm operation is simply a pretense for its preparation.

Is economic collapse coming this year?

Major U.S. retailers have announced the closing of more than 6,000 stores from coast to coast. The list includes only those retailers which have announced plans to close more than 10 outlets this year and next.

For example, 1,784 Radio Shack stores are vanishing, 400 of the Office Depot/Office Max chain by 2016, and 340 Dollar Tree/Family Dollar stores.

The growing list of stores getting shuttered coincides with the decline in discretionary consumer spending over the past six months.

“Expect to see more storefronts closed at malls across the country,” one retail watcher told WND. “It’s getting ugly out there.”

Another factor, the source said, is that Americans’ credit is maxed out – a problem that will impact holiday season sales later this year. Add the demand of rising taxes, housing and health-insurance costs and you’ve got a formula for belt-tightening across the board.

Expected to be hit hardest by the trend are poorer and lower-middle class neighborhoods. The recent riots in Baltimore are expected to make retailers even more skittish.

 

http://www.truthandaction.org/retail-apocalypse-major-us-chains-closing-6000-stores-nationwide/2/