Something’s brewing with the economy. While many of us remain preoccupied with southern flags, gay marriage and deceptive-at-best nuclear-treaties with Iran, the worldwide economy is getting ready to implode and send all of us back to the so-called “dark ages” or worse:
Major Chain Stores Shutting Down as America Faces “Birth Pangs of Retail Apocalypse”
By Mac Slavo
Reduced consumer spending is heralding a looming economic downturn, if not collapse, with an unprecedented shutdown of major box stores, restaurants and grocers underway.
It doesn’t bode well for the millions of Americans who are already seriously struggling, and will only accelerate the death of the middle class.
Along with this massive shrinkage of the retail sector will go thousands of jobs. Natural News reports:
There is chatter across the web about dozens of major retail chains that are expected to permanently shutter a large number of their store locations this year. Popular names like Abercrombie & Fitch, Barnes & Noble, Chico’s, Children’s Place, Coach, Fresh & Easy, Gymboree, JCPenney, Macy’s, Office Depot, Pier One, Pep Boys, and many others are named as soon-to-be casualties in what some news sources are now referring to as the coming “retail apocalypse.” The Economic Collapse Blog pins 2015 as a significant “turning point” for the U.S. economy, ominously warning that at least 6,000 retail store locations are expected to close this year based on company announcements. Many American consumers are already witnessing the birth pangs of this retail apocalypse as brick-and-mortar department, specialty, and even food shops close their doors for good.
The list of store closures (see here) is truly massive, and in no way accounts for everything that’s coming.
But Americans are still buying one major retail category — technological gadgets like iPhones, wearables, smart devices and computers. As technology purchases soar, shopping malls that have long specialized in clothing and fashion retail are falling in on themselves… (emphasis added)
Read More Here: