16 major retail chains closing stores across America

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elections have consequencesDaniel Jennings writes for Wealthy Debates, April 4, 2014, that despite all the talk from the Obama administration and the MSM about a “recovering” economy, a retail tsunami shows the U.S. economy to be in trouble.

Recent news stories show that American retail is in dire straits. Here are 16 big retail companies that have closed or will close stores soon:

  1. Office supply company Staples has announced plans to close 225 stores by 2015, which is about 15% of its chain. Staples already closed 40 stores last year.
  2. Office Depot, Staples’ main competitor which bought Office Max last year, isn’t in good shape either. Industry analysts expect Office Depot to announce its own round of store closings soon.
  3. Radio Shack has announced plans to close 20% of its stores or as many as 1,100 stores this year. The company, which operates around 4,000 stores, reported that its sales fell by 19% last year.
  4. Albertsons supermarket closed 26 stores in January and February this yearAnalysts expect many more Albertsons to be closed down because Albertsons’ owner hedge fund Cerberus Capital Management just bought Safeway Inc. Some Safeway stores could soon shut down as well.
  5. Clothing retailer Abercrombie & Fitch is planning to close 220 stores by the end of 2015. The company is also planning to shut down the Gilly Hicks chain, which has 20 stores.
  6. Barnes & Nobles is planning to shut down one third of its stores or about 218 stores in the next year. The chain has already closed its iconic flagship store in New York City.
  7. J.C. Penney is closing about 33 stores and laying off about 2,000 employees.
  8. Toys R Us has plans to close 100 stores.
  9. The Sweetbay Supermarket chain will close all 17 of the stores it operates in the Tampa Bay area. Many of the stores might open as Winn-Dixie Stores. Sweetbay closed 33 stores in Florida last year.
  10. The entire Loehmann’s chain of discount clothing stores in the New York City area shut down. Loehmann’s once operated 39 stores and was considered an institution by generations of New Yorkers.
  11. Sears Holdings, which owns both Sears and Kmart, is expected to close another 500 stores this year. Sears has already shut down its flagship store in Chicago.
  12. Quiznos has filed for bankruptcy and could close many of its 2,100 stores.
  13. Sbarro, which operates pizza and Italian restaurants in malls, is planning to close 155 locations (or 20% of its restaurants) in North America (U.S. and Canada). The chain operates around 800 outlets.
  14. Ruby Tuesday announced plans to close 30 restaurants in January after its sales fell by 7.8%. The chain currently operates around 775 steakhouses across the US.
  15. An unknown number of Red Lobster stores will be sold. The chain is in such bad shape that the parent company, Darden Restaurants Inc., had to issue a press release stating that the chain would not close. Instead Darden is planning to spin Red Lobster off into another company and sell some of its stores.
  16. Ralph’s, a subsidiary of Kroger, has announced plans to close 15 supermarkets in Southern California within 60 days.
  17. Safeway closed 72 Dominick’s grocery stores in the Chicago area last year.

All those store closures mean more Americans will be unemployed, which translates into less tax revenue and more dependency on government welfare.

H/t FOTM’s swampygirl

~Eowyn

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0 responses to “16 major retail chains closing stores across America

  1. Our economic circumstances were predictable from the time tariffs were loosened by RWR, then fast-tracked by GHWB to “I feel your pain!” (he should, he caused it), WJC. To get on our feet again, we must be proud of being protectionists. If we care for our country, our families, and ourselves, we must reverse the travel plan created to destroy us. Let’s see, if one is not a protector of one’s country, what should that person be called?

     
  2. so sad…more unemployed…the rich get richer and the poor get the middle class

     
  3. Friends, we are about halfway through what Doug Casey has termed ‘The Greater Depression’, and it seems to fit. Another seven years should do it. By then the nation will be in its final morphing into what the NWO thinks it wants & will get, but I expect vast, unexpected consequences….

     
  4. If I were a chain owner, or private large business owner (or even a one-store owner) NO ONE would be working for me (outside of management) for more than 29 hours a week. So what? Two part-time employees of 29 hrs/wk are less than what I need to pay for “ObamaCare” & I’d get hourly wage-emplyees (cheaply) & w/whom I’d get equivalent of a 59-hr-week “full-time” employee” without the medical pay-in. My mama didn’t raise “no fool.”

     
  5. The 0bama Administration = An epic failure . . . .

     
  6. Long story short: They cannot roll out the gas chambers and the ovens just yet. There has been what Alex Jones and others call the “soft kill” portion of the genocide, the Great Cull: Fluoride, GMO foods, chemtrails, etc., etc. The whole thing has been broken down into departments. Obamacare will put many insurance companies and hospitals out of business. Now the other part of the economic soft-kill: Many chains will undergo major retrenchment, including grocery stores.
    We are undergoing the Great Cull on an incremental basis—for now. Queen Elizabeth echoed the Georgia Guidestones ideology at the Copenhagen summit: She has installed her official policy of rapid depopulation of the world from seven billion to one billion (or less). Many corporate policies and Obama’s policies take their marching orders from this (Satanic) goal.
    Yet too many remain asleep. (This, after we shipped all our jobs oversees!) To quote the late great George Carlin, “And nobody seems to notice… Nobody seems to care…”

     
  7. Leeann Springer

    Some of those same companies are bringing on their demise also, because 90% of them support the homosexual agenda . Penneys shot itself in the foot by trying to force their homo agenda on people. I know of Christian companies, who will not compromise their stand for God, that are doing quite well. Chick-Fil-A, Hobby Lobby, Jens Clothing, just to name a few are doing quite well. As for culling people, Bill Gates has been espousing that for many years, because he laments the philosophy of Margaret Sanger. Gates, is even behind “Common Core Indoctrination” which our state is fighting to its death and it looks like we will win against those minions from Hell. God will not honor a nation whose Lord is not God. Unless the good people start standing up and fighting, evil will prevail. America is a country that murders millions of babies in abortion slaughter mills, so this country has innocent blood on its hands. We are being punished for national sins. Unless that pos in the white house is drug out by his heels, this country is doomed. America is ceasing to be good, so it will cease to be great. Leeann 🙁

     
  8. Looks like their agenda is right on schedule. Sadly.
    Wake up people, time to start pushing back.

     
  9. Pingback: 16 major retail chains closing stores across America |

  10. Thank you Dr. Eowyn for this most significant post. No doubt that the Unaffordable Care Act has added to the demise of all of the listed companies who intend to close their stores. This is just terrible news. It is terrible that the American people will lose their jobs, be laid off and have to struggle economically.

     
  11. Thanks, Democrats!! (Hey, how’s that Hope and Change workin’ out for ya?)

     
  12. Here’s another victim from our wonderfully “recovering” economy:
    Fruit of the Loom to close Jamestown, Ky plant by end of this year…600 jobs gone
    https://www.wdrb.com/story/25157115/fruit-of-the-loom-to-close-ky-plant#.Uz3MwCHXuYQ.twitter
    more middle class to the poor class

     
  13. Pingback: 16 major retail chains closing stores across America | M o n t e f i d e

  14. This is GOOD news. Those companies ARE NOT closing stores because they can’t afford to keep them open. They are closing them because they aren’t producing the kind of insane profits the greedy demand. They would close stores and fire people before they pay one cent more in taxes, lower prices, or do anything that might be good for the country. If it doesn’t line rich, conservative greed-monger’s pockets, it doesn’t happen, no matter who it hurts. These big retail chains need to die so real American businesses can come back.

     
    • So how did you post this comment? From a computer or IPhone? I’m sure you didn’t buy it from a big greedy retail chain. ..

      Maybe you built your own computer? Wouldn’t that be good for the country if some big greedy corporation could mass produce reliable and new technology so we could be productive? They provide a good for us and provide profits for shareholders and investors.

      Economics and supply/demand tough to grasp?

       
    • “rich, conservative greed-monger’s pockets”

      You mean like “conservative” gay-pandering JCPenney? “conservative” Apple Inc., whose CEO told shareholders who are global warming skeptics “We don’t want your money“? “conservative” population-control-via-vaccines Bill Gates’ Microsoft? “conservative” abortion-funder Warren Buffet? “conservative” Christian-censoring Facebook? “conservative” intolerant Gaystapo Mozilla?

       
    • …because they aren’t producing the kind of insane profits the greedy demand.

      You mean like those greedy democrats that run Wall Street?

      -Dave

       
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  16. The bottom line in all these closings is too much competition. The blame rests upon no one except the retailers themselves for uncontrolled growth due to corporate greed.

     
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