Thread regarding CVS layoffs

Major Store Closings in 2017

The 2017 closings:

Payless Shoes 1,000

Radio Shack 552 B

The Limited 250 Closed all stores in Jan 2017

Family Christian 240

Wet Seal 171 B Closed all stores Jan 26

Crocs 160

J.C.Penney 138 Starting April this year

Chico 120

BCBG Max Azria 120 B Early Spring this year

Kmart 108 Spring this year

American Apparel 104 B Closed all stores, none remain ope

Office Depot 100 E

hhgregg 88 B

CVS 70

Macy's 63 Early Spring of this year

Guess 60

Gander Mountain 60 B

Abercrombie & Fitch 60 As leases expire in fiscal year2017

American Eagle 50 150 over 3 full years

Sears 42 Spring of This year

Eastern Mountain 35

TOTAL 3,591

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Post ID: @OP+MoPn50O

2 replies (most recent on top)

Media tells us constantly its due to the massive increase in online sales.

Only one problem. According to the National Retailers' Association, online only makes up 10% of total retail sales. So yeah, maybe it did grow 15%, but 15% of a very small number.

Nothing compared to what's happening in the other 90%.

Make no mistake. The economy is falling apart, but the powers that be will lie to you until the very end.

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Post ID: @qzq+MoPn50O

B = BK

E = Estimate

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Post ID: @cqw+MoPn50O

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