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Business/Finance
See other Business/Finance Articles

Title: Store Closing Sale
Source: MoneyWise
URL Source: https://moneywise.com/a/ch-b/big-ch ... ntent=y2_affordable03_dsk_v02c
Published: May 24, 2018
Author: Esther Trattner
Post Date: 2018-05-24 00:24:06 by bush_is_a_moonie
Keywords: None
Views: 919
Comments: 3

Jajor retailers closing the most stores in 2018.

J.C. Penney After closing nearly 140 stores last year, J.C. Penney is at it again in 2018. The department store chain says eight locations, from California to New Jersey, will be out of business by May.

Macy’s Macy's closed around 70 of its department stores in 2017 and started off 2018 by announcing it would shut down nearly a dozen more.

Crocs 47 stores

Sears The chain started 2018 by announcing plans to close another 39 stores. Business Insider reports Sears in April started the process of closing 11 more, including the last remaining location in its longtime hometown, Chicago.

Sam's Walmart says it's closing 63 of its Sam's Club warehouse club stores.

Kmart The company that owns Sears also owns the gasping Kmart discount chain. It has been turning out the lights at another 66 Kmart stores in 2018

Winn-Dixie Southeastern Grocers has filed for bankruptcy and has announced it's shutting down nearly 100 of its Winn-Dixie, Bi-Lo and other supermarkets in seven southern states.

FootLocker More than 100 Foot Locker stores are in their final inning and are expected to close in 2018.

Guess is doing better overseas than in the U.S., so the fashion retailer is guessing that cutting way back on its American stores will be good for business. The company plans to permanently lock the doors at 100 to 120 U.S. stores in 2018

More stores at the link with closings including Rite Aid which is closing 600 stores.

Trump, neocons and the good old supply side bullshit strikes again.

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Begin Trace Mode for Comment # 3.

#3. To: bush_is_a_moonie (#0)

Trump, neocons and the good old supply side bullshit strikes again.

What's that supposed to mean?

Store closings are no big deal to the economy overall. Sure, individuals and sometimes entire communities are adversely affected when a particular store closes. But people are still buying the same amount of stuff, just from different vendors. People didn't stop buying radios when Sarkes Tarzian Enterprises stopped selling them.

StraitGate  posted on  2018-05-24   2:31:30 ET  Reply   Untrace   Trace   Private Reply  


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