Many business reports say that the state of affairs in the American economy have been improving. However, US large retailers continue shutting down thousands of stores.
Major U.S. retailers have announced that they are closing more than 6,000 outlets. At the same time, economic conditions in the USA are seen as stable. Many experts say that there is a plethora of factors indicating another major economic downturn in the United States, Pravda.Ru reports.
The list of retailers that are closing their stores includes such locations as Abercrombie & Fitch (by 2015), American Eagle Outfitters (through 2017), Body Central / Body Shop, Children's Place (through 2017), Christopher & Banks, Fresh & Easy Grocey Stores, Guess (through 2015), JCPenney, Macy's, Staples (2015), and many many others.
Most of these closures will take place this year, but in some instances the closures are scheduled to be phased in over a number of years. As you can see, the number of stores that are being permanently shut down is absolutely staggering...
Without a doubt, Internet retailing is taking a huge toll on brick and mortar stores, and this is a trend that is not going to end any time soon. In the United States, middle class consumers are just scraping by financially from month to month. For most Americans, there simply is not a whole lot of extra money left over to go shopping with these days.
Full report here