Relentless store closures. 6000 so far in 2019. UBS suggest 75,000 more will close over the next few years. This will result in many people who are going to be out of work. What do you think is responsible for the record level store closures?
And it continues. Retail stores have been closing up shop at a more rapid pace than we have seen in a very long time. It is currently on pace to be worse than the years leading up to the Financial Crisis. Some have blamed ecommerce. Others blame it on bad companies. Let’s look into the details today.
These Chains Have Announced a Ton of Store Closings in 2019
Malls see tsunami of store closures as foot traffic declines further
‘Retail apocalypse’ now: Analysts say 75,000 more U.S. stores could be doomed.
Commbank told to come clean on ‘secret plan’ to slash 10,000 jobs
Daily Business Wrap – 30,000 jobs cuts seen from Deutsche-Commerz Bank merger
Daily Job Cuts – Layoffs News / Job Layoffs 2019 / 2018 , Bankruptcy, Store closings, Business Economy News