Retailpocalypse 2017: Hundreds of Stores Will Be Closing

The following excerpt is from an article that originally appeared on The Economic Crisis Report

After Christmas, all is not calm and bright in the retail world.

For those who are still under the illusion that our economy is great and prosperity is nigh, you might want to consider the massive loss of jobs that will be forthcoming as stores across the country go into damage control mode to try to stop the hemorrhaging from lackluster holiday sales.

Thousands of non-seasonal jobs are being cut as retail stores across the country close down or slash expenditures. If December is the most wonderful time of the year, then January is the most dismal. The beginning of the first quarter is the most common time to announce store closures and assess budgets.

The start of the year is a popular time to announce store closures. Nearly half of annual store closings announced since 2010 have occurred in the first quarter, CNBC reports. (source)

Last year, Wal-Mart stunned the country

Click here to Read this Entire Story on The Economic Crisis Report


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