THOUSANDS OF STORES CLOSING IN COMING MONTHS

More than 3,500 stores are expected to close across America in the next couple months. Department stores like JCPenney, Macy’s, Sears, and Kmart are among the many companies shutting down stores, along with mall chains like Crocs, BCBG, Abercrombie & Fitch, and Guess. Some retailers are exiting the brick-and-mortar business altogether and trying to shift to an all-online model. According to many analysts, the retail apocalypse has been a long time coming in the U.S., where stores per capita far outweigh any other country. The U.S. has 23.5 square feet of retail space per person, compared with 16.4 square feet in Canada and 11.1 square feet in Australia – the next two countries with the highest retail space per capita. Nearly a third of all shopping malls are at risk of dying off as a result of the store closures.
* Yay! More skate parks!
* For more information on why retail stores are dying, Google it on your smart phone.
* Oh no – Mall Santa!
* I don’t think it’s because people are shopping more online. I think it’s because people aren’t shopping anywhere because they’re broke.
* Now try and imagine where all these store workers are going to find new jobs. I mean there’s only so many Starbuck barista jobs out there.
* Of course, we will be needing more people to deliver stuff for Amazon.
* Relax about the store closures and jobs. The mall robots were just about ready anyway.