Wednesday, July 26, 2017

Retail Apocalypse

Retail Apocalypse situation continues to worsen. Actually, one-quarter of all malls that are still open... may close within six years. It gets even worse. OK, so many of the anchor stores are barely hanging on. Just look at sears. They have lost money six years in a row.

Please observe that our stock market is still going up.  However, there is trouble in our main street economy. Yeah, it is imploding right now. Malls are shutting down and stores are boarding up. People are forced to buy health care. That gets more expensive every year. Sadly, this ship is starting to come apart at the seams.


STORY SLUG: JC Penney

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