Tuesday, May 27, 2014

America Is Finished: The Collapse Of Consumer Spending In America - 2014 US Retail Downsizing And Store Closings Roundup!

I have again been busy with family and personal business (again) over the last few days... Only had time to fire off my weekly rant, and have had little time for surfing the net to keep up with what has been happening around our sick world.... Yes, there has been a lot of disturbing happenings everywhere, and again it seems I do have some catching up to do!

I have been watching a very disturbing trend the last while here in Canada...Business at the local shopping mall is definitely down, with fewer people walking in the mall and actually shopping in the stores.... Everywhere, businesses here are trying desperately to attract consumers with slashed prices and bargains... But try as they might, many retail businesses and outlets are definitely suffering with reduced sales, and losses that cannot be ignored... This is a definite sign that Canada is indeed in a full "recession".

The retail market may be bad enough in Canada, but it is nothing compared to what is happening right now in the United States.   I was in a short conversation with my good friend, Whitewraithe, just the other night, and we touched upon the troubling trend in retail businesses and how stores are closing everywhere across North America as a result... She found an amazing article that she posted at her site, Pragmatic Witness, at www.whitewraithe.wordpress.com, that I also want to share right here at my own site.... It is entitled: "2014 US Retail Downsizing And Store Closings Roundup", and I have it right here for everyone to see for themselves.   I have my own thoughts and comments to follow:

2014 US Retail Downsizing & Store Closings Roundup

store-closing 

In 2014, as in every calendar year, U.S. retail industry leaders, investors, analysts, and experts look at U.S. retail industry downsizing and store closing roundup numbers for clues about the overall health of the U.S. 
economy.  When U.S. based retail chains close domestic or international physical retail store locations, retail industry and economic experts work to sort out whether the store closings are due to the failings of the individual retail chain and its leaders, or whether the store closings are a result of overall downturn in retail consumption that is likely to continue.

What follows is a complete list of U.S. retail store closings, and downsizings of the largest U.S. retail chains both domestically and internationally that are scheduled to happen in the 2014 calendar year. This list is arranged alphabetically, according to the name of the retail chain. The latest store closing additions are indicated with bold lettering.The store closings on this roundup list were last updated on May 27, 2014.

All 2014 U.S. Retail Industry Store Closings – Complete Alphabetized Company Listing of Store Closings:

60    Aaron’s
180  Abercrombie & Fitch (by 2015)
1      Abercrombie Kids
3      Ace Hardware
3      ACO Hardware
1      Aerie
33    Archiver’s
175  Aeropostale (“over the next several years”)
26    Albertson’s
18    ALCO
150  American Eagle Outfitters
11    American TV & Appliance
2      Arden B
223  Barnes & Noble (through 2023)
1      Barnes & Noble College Bookstore
1      Bedroom Expressions
1      Belk
2      Best Buy
1      Big 5
1      Big Lots
5      Bi-Lo
300  Blockbuster
91    Blockbuster (UK)
1      Bon-Ton
3      Books-A-Million
15    Bridgestone
145  Brown Shoes / Famous Footwear
1      Broyhill Home Collections
63    Build-A-Bear (through 2014)
25    Build-A-Bear (through 2015)
1      Carter’s
17    Cato
3      Champps Americana
125  Children’s Place
365  Coldwater Creek
6      Cord Camera
1      Cost Plus World Market
20    Delhaize
360  Dots
1      East of England Co-op
1      Eddie Bauer
42    Edwin Watts Golf
76    EE
1      Family Christian Stores
370  Family Dollar
2      Finger Furniture
1      Food Fast Convenience Store
42    Fresh & Green’s
128  GameStop
20    Gilly Hicks
1      Hallmark
2      Haverty’s
1      Hubbell & Hudson
33    JCPenney
1     JC’s 5 Star Outlet
2     JMR Chalk Garden
170  Jones Group (by mid-2014 )
50    Kitchen Collection
2      Kroger
4      Len Druskin
1      Lids Locker Room
1      Life Is Good
73    Liquidation World (Big Lots Canada)
39     Loehman’s
2       Lolabella Boutique
5       Macy’s
1       Max Club (Wal-Mart)
74     McDonald’s (Japan)
4       Meat House
2       My Favorite Toy Store
7       Noni B
2       Nordstrom
1       Oak Express
15     Office Depot
7       OfficeMax
1       Pottery Barn
1       Pottery Barn Kids
2       Powell’s Books
8       Price Busters
125   P.S. from Aeropostale
200   Radio Shack
2       Rainbow Foods
1       Ralph’s
150   Rent-A-Center
1       Ross Dress For Less
155   Sbarro
300   Sears
1       Shaw’s
4       Sprint Gas Stations
1       Stop & Shop
1       Sofa Mart
20     SONY
55     Sprint
225   Staples (through 2015)
1       Talbots Clearance Outlet
12     Target
2       Thomasville Home Furnishings
1       Tom Thumb (Safeway)
1       Toys ‘R Us
1       Tuesday Morning
76     Walgreens
1       Wal-Mart
1       Wawa
26     Wet Seal
1       WH Smith Books
3       Williams-Sonoma
1       Yankee Candle

Source: http://retailindustry.about.com/od/USRetailStoreClosingInfoFAQs/fl/All-2014-Store-Closings-US-Retail-Industry-Chains-to-Close-Stores.htm

WW~Notes: Check the attached link often for further updates.  If possible, I will update the information at the end of the year. 


NTS Notes:  This is indeed a very shocking report, and it definitely does appear that the retail businesses listed are only the beginning... Other retail businesses are definitely hurting badly due to this newest "recession" and they too will be facing downsizing and/or bankruptcy as well...

Of course this list constitutes US retail store closings, but from what I have seen here in Canada, the decline of our economy is happening in this country as well.... I have always said that when it comes to the economic well being of our nations, when the US sneezes, Canada gets a cold....

The problem here is of course the fact that our nations can no longer spend their way out of this latest recession due to the crushing Usury debt loads that we are saddled with.... People simply no longer have the money!  

This is only the beginning.... We are watching all the telltale signs that we are indeed not in a "recession" but a full blown depression... Everyone will be affected, and we all must do our parts in preparing for at the least a severe economic downturn, and at worse, full economic meltdown.

More to come

NTS

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