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Old April 10th, 2019 #1
Erik T. White
Senior Member
 
Join Date: Aug 2017
Location: The Deep South of the USSA
Posts: 4,813
Default Retail stores are in trouble, analysts say

Quote:
'Retail apocalypse' now: Analysts say 75,000 more US stores could be doomed

Widespread closures have roiled the retail industry, but many more stores are likely to shut down in coming years to keep up with a shift to online shopping, according to a report by investment firm UBS.

An estimated 75,000 stores that sell clothing, electronics and furniture will close by 2026, when online shopping is expected to make up 25 percent of retail sales, according to UBS. Roughly 16 percent of overall sales are made online.
Analysts said the closures would affect a broad variety of retailers, affecting an estimated 21,000 apparel stores, 10,000 consumer electronics stores and 8,000 home furnishing stores.
Already this year, retailers have announced plans to close thousands of stores as they keep up with changing consumer habits. Payless ShoeSource, which filed for Chapter 11 bankruptcy protection in February, is closing all 2,100 of its U.S. stores, while Gymboree is shuttering its 800 locations. Sears, which has closed 1,300 Kmart and Sears stores since 2013, is scrapping an additional 80 locations. A number of other retailers, including Gap, have hinted that store closures are on the horizon.
https://www.msn.com/en-us/money/comp...cid=spartanntp

I've heard, from a very reliable source, that at least one major retailer will be using robots to clean stores by 2020. So, college grads who major in French with an emphasis in old French troubadour songs, where are you going to find a job in the kwa to pay off that $300,000.00 school debt you racked up getting that USELESS Ph. D.???? Hmmmmmm???????????

Insurance companies once were hiring Ph. D.s in fields other than insurance, because those were bright folks. Well, at least in the past. However, with online insurance purchasing, even the insurance agents are in hot water.

jooz are trying to make all Whites depressed and suicidal!!!!

DAMN THE JOO TO HELL!!!!!!!!!
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