Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America

this is tied to the Baltic Dry Index numbers

Socio-Economics History Blog

Bankrupt store with closeout signs.

  • Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America
    by Michael Snyder, http://endoftheamericandream.com/  
    Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country.  It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as we enter 2016.  As economic activity slows down and Internet retailers capture more of the market, brick and mortar retailers are cutting their losses.  This is especially true in areas that are on the lower portion of the income scale.  In impoverished urban centers all over the nation, it is not uncommon to find entire malls that have now been completely abandoned.  It has been estimated that there is about a billion square feet of retail space sitting empty in this country…

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