Article Image

IPFS News Link • Business/ Commerce

Retail Apocalypse: Rate Of Store Closures Accelerates After Already Hitting RECORD HIGHS

• https://www.shtfplan.com, Mac Slavo

Hundreds of thousands of workers have already lost their jobs in the past decade thanks to store closures, and that number is going to skyrocket in the very near future.

According to a report by Business Insider, more than 6,100 stores have been slated for closure so far in 2019, already exceeding last year's total number of closures. The states hit hardest by retail job losses or layoffs over the last decade are West Virginia, Vermont, Rhode Island, Ohio, Connecticut, and Maryland.

Not only does there appear to be no end in sight for this epidemic accurately dubbed the "retail apocalypse," store closures are expected to pick up the pace as we inch toward 2020. Retailers are expected to close roughly 9,000 stores this year, followed by another 12,000 stores in 2020, according to estimates from Cushman & Wakefield.


Home Grown Food