The author of this article which appeared in Truth & Action took a list of planned retail closings and ties it to fear of Jade Helm, riots and economic collapse. He uses a list which has “more than 6,000 store closings” planned.
Classic example of “There are two sides to every story.” I found a list of planned OPENINGS on line, and even after taking out the companies that including global openings (such as McDonalds, who is opening 1,000 stores globally–you’d have to assume a lot of those are in the US) it came up to 6,934 stores opening as well. My list is at the bottom of his article.
While there definitely are a lot of brick and mortar retailers scaling down and/or closing, it is mostly due to the dollars being shifted to internet purchasing and not a pending “economic collapse.”
One side note–Walgreens is on the list with 200 planned openings but no sign of CVS or Rite-Aid. Perhaps that’s because they are spending all of their money buying pharmacy service providers for 12.9 billion.
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.
And now my list of planned store OPENINGS in 2015:
1435 Sprint (as part of the RadioShack bankruptcy)
1000 Wendy’s (by 2020)
730 Dollar General
440 Dunkin Donuts (US in 2015)
350 Philly Pretzel Factory (by 2020)
338 Tony Luke’s (by 2025)
240 Walmart (U.S., large and small format)
205 O’Reilly Auto Parts
150 Dick’s Sporting Goods (through 2018)
115 Tractor Supply
16 Hobby Lobby
70 Miu Miu (by 2016)
70 Pizza Studio
60 Dunkin Donuts (through 2018 in Houston)
60 Fresh Thyme Farmers Markets (through 2019)
60 Pizza Hut (through 2017)
60 Sonic Drive-In
50 Prada Men’s Store (by 2016)
40 99 Cents Only
38 Brookstone (by 2016)
35 Wal-Mart Neighborhood Markets
27 Blaze Pizza
27 Fresh Thyme Market (2015)
27 Nordstrom Rack
20 Cabela’s (through 2016)
20 Bed Bath & Beyond
19 Fresh Market
18 CarMax (through 2018)
16 Field and Stream (2016 and 2017)
16 Hobby Lobby
15 Lowe’s Australia
15 Whole Foods
14 Pizza 9
10 Jimmy John’s
10 Stein Mart
10 Tile Shop