{"id":10072,"date":"2015-07-15T06:39:09","date_gmt":"2015-07-15T11:39:09","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10072"},"modified":"2015-07-15T06:39:09","modified_gmt":"2015-07-15T11:39:09","slug":"major-chain-stores-shutting-down-as-america-faces-birth-pangs-of-retail-apocalypse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10072","title":{"rendered":"Major Chain Stores Shutting Down as America Faces \u201cBirth Pangs of Retail Apocalypse\u201d"},"content":{"rendered":"

Major Chain Stores Shutting Down as America Faces \u201cBirth Pangs of Retail Apocalypse\u201d<\/a><\/h3>\n

\"Store-Closed-Until-Further-Notice-Photo-by-Gryllida-425x565\"<\/p>\n

Reduced consumer spending is heralding a looming economic downturn, if not collapse, with an unprecedented shutdown of major box stores, restaurants and grocers underway.<\/p>\n

It doesn\u2019t bode well for the millions of Americans who are already seriously struggling, and will only accelerate the death of the middle class.<\/p>\n

Along with this massive shrinkage of the retail sectors will go thousands of jobs.Natural News<\/a>\u00a0reports:<\/p>\n

There is chatter across the web about dozens of major retail chains that are expected to permanently shutter a large number of their store locations this year. Popular names like Abercrombie & Fitch, Barnes & Noble, Chico\u2019s, Children\u2019s Place, Coach, Fresh & Easy, Gymboree, JCPenney, Macy\u2019s, Office Depot, Pier One, Pep Boys, and many others are named as soon-to-be casualties in what some news sources are now referring to as the coming \u201cretail apocalypse.\u201d<\/p>\n

The Economic Collapse Blog pins 2015 as a significant \u201cturning point\u201d for the U.S. economy, ominously warning that at least 6,000 retail store locations are expected to close this year based on company announcements. Many American consumers are already witnessing the birth pangs of this retail apocalypse as brick-and-mortar department, specialty, and even food shops close their doors for good.<\/p><\/blockquote>\n

The list of store closures (see here<\/a>) is truly massive, and in no way accounts for everything that\u2019s coming.<\/p>\n

But Americans are still buying one major retail category \u2014 technological gadgets like iPhones, wearables, smart devices and computers. As technology purchases soar, shopping malls that have long specialized in clothing and fashion retail are falling in on themselves.<\/p>\n

Business Insider<\/a>\u00a0calls it a slow and painful death, noting the collapse not only of thousands of stores from dozens of chains, but even the fall of giants like Gap:<\/p>\n

Gap once ruled the retail world. But today America\u2019s largest apparel retailer is closing a quarter of its stores and laying off hundreds of workers after disappointing sales.<\/p>\n

Gap\u2019s closures are indicative of a larger trend in American retail.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Major Chain Stores Shutting Down as America Faces \u201cBirth Pangs of Retail Apocalypse\u201d Reduced consumer spending is heralding a looming economic downturn, if not collapse, with an unprecedented shutdown of major box stores, restaurants and grocers underway. It doesn\u2019t bode well for the millions of Americans who are already seriously struggling, and will only accelerate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1949,236,1752,7299,7300,728,6490,834],"class_list":["post-10072","post","type-post","status-publish","format-standard","hentry","category-economics","tag-america","tag-economic-collapse","tag-economic-contraction","tag-major-chain-stores","tag-retail-apocalypse","tag-shtf","tag-shtfplan-com","tag-us"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10072"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10072\/revisions"}],"predecessor-version":[{"id":10073,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10072\/revisions\/10073"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}