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Retail apocalypse

Razoo

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Covid-19 has shined a spotlight on the economic importance of small businesses and their physical impact on communities across the country, from large cities to remote destinations like Pie Town. It has also highlighted their precariousness.

The retail apocalypse is the closing of numerous brick-and-mortar retailstores, especially those of large chains worldwide, starting around 2010 and continuing onward.[1][2] In 2019, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number since tracking the data began in 2012.[3]

Over 12,000 physical stores have closed due to factors including over-expansion of malls, rising rents, bankruptcies of leveraged buyouts, low quarterly profits outside holiday binge spending, delayed effects of the Great Recession,[2] and changes in spending habits.

American consumers have shifted their purchasing habits due to various factors, including experience-spending versus material goods and homes, casual fashion in relaxed dress codes, as well as the rise of e-commerce,[4]mostly in the form of competition from juggernaut companies such as Amazon.com and Walmart.

A 2017 Business Insider report dubbed this phenomenon the "Amazon effect," and calculated that Amazon.com was generating greater than 50% of the growth of retail sales.[5]

The rash of bankruptcies and store closings have greatly intensified during the COVID-19 pandemic, with most retail stores, particularly already struggling mall-based retailers, closing for extended periods of time.[6] J. Crew, Neiman Marcus, Stage Stores, JCPenney, and Tuesday Morning were among the retailers to file for bankruptcy during the pandemic.[7]
[
URL unfurl="true"]https://en.wikipedia.org/wiki/Retail_apocalypse[/URL]
 
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Among the victims of the RUMP Anti American RINO ALEC mismangement of the COVID 19 tragedy =
ALEC GOP RINO's are retail terrorists.

Covid-19 has shined a spotlight on the economic importance of small businesses and their physical impact on communities across the country, from large cities to remote destinations like Pie Town. It has also highlighted their precariousness.

Across the nation, restaurants, startups, retail stores, art studios, and other storefronts are facing a fate not unlike Pie-o-Neer’s. Defined by the Small Business Administration as companies with fewer than 250 to 1,500 employees, depending on the industry, there are about 31 million small businesses in the US.

Last year, they employed nearly half of the private workforce and created 1.6 million jobs.

But heading into the pandemic, nearly half of small businesses had two weeks or less of cash liquidity on hand, according to a report from JPMorgan Chase, turning forced shutdowns and lost revenues into an immediate fight for survival.

Located in the middle of the New Mexico desert, Pie Town is as much a nostalgic idea as an actual place. Founded in the 1920s and named after a bakery that sold dried-apple pies, most maps no longer list it. In the last census, its population numbered 186.

 
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ALEC GOP RINO's are retail terrorists......
 
Fake news Biden said he wasn’t going to shut down the economy he was going to shut down the virus.
 
What covid didn't kill, Bidenflation and Joe's Gas Prices should finish off.
 
The idea of retail seems like it's greatly being eliminated, to only those things you want to get faster than the same day Amazon delivery, to perishables, to things you want to look at before buying - but then people leave the store and buy it online...

This is part of that accident between society having an interest in people having incomes, and just happening to have employment like retail - when that goes away... what do you do? More manual labor to compete with Chinese workers? Amazon needs some warehouse workers, as they automate, and delivery drivers, as they develop self-driving cars and drone delivery. Republicans suggest a plan: cut Bezos' taxes more. That'll fix it.
 
What covid didn't kill, Bidenflation and Joe's Gas Prices should finish off.


Biden

The most powerful man in the universe

Able to cause inflation worldwide. It is amazing that all at the same time the leaders in most western countries are being blamed for inflation. Why it seems like it might be a global issue, with causes that are greater than any single country. But no, it is all Biden's fault
 
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