but wait we are booming.....the green shoots of recovery are there......the recovery is coming......ing in time to save David Cameron and his kind #1 As you read this article, approximately a billion square feet of retail space is sitting vacant in the United States. #2 Last week, Radio Shack announced that it was going to close more than a thousand stores. #3 Last week, Staples announced that it was going to close 225 stores. #4 Same-store sales at Office Depot have declined for 13 quarters in a row. #5 J.C. Penney has been dying for years, and it recently announced plans to close 33 more stores. #6 J.C. Penney lost 586 million dollars during the second quarter of 2013 alone. #7 Sears has closed about 300 stores since 2010, and CNN is reporting that Sears is expected to shutter another 500 Sears and Kmart locations soon. #8 Overall, sales numbers have declined at Sears for 27 quarters in a row. #9 Target has announced that it is going to eliminate 475 jobs and not fill 700 positions that are currently empty. #10 It is being projected that Aéropostale will close about 175 stores over the next couple of years. #11 Macys has announced that it is going to be closing five stores and eliminating 2,500 jobs. #12 The Children’s Place has announced that it will be closing down 125 of its weakest stores by 2016. #13 Best Buy recently shut down about 50 stores up in Canada. #14 Video rental giant Blockbuster has completely shut down all of their stores. #15 It is being projected that sales at U.S. supermarkets will decline by 1.7 percent this year even as the overall population continues to grow. #16 McDonalds has reported that sales at established U.S. locations were down 3.3 percent in January. #17 A home appliance chain known as American TV in the Midwest is going to be shutting down all 11 stores. #18 Even Wal-Mart is struggling right now. Just check out what one very prominent Wal-Mart executive recently admitted...
Posted on: Mon, 10 Mar 2014 23:15:27 +0000
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