In the latest blow to traditional retail sales, this week Toys R’ Us filed for bankruptcy, following in the footsteps of an increasing number of other brick-and-mortar chains. But the giant toy outfitter is not the only company suffering losses, as a recent report from Clark.com, a consumer analysis site details.
Though separate statistics show that more stores will open in 2017 than will close, the type of stores making gains suggests frugality is the norm U.S. consumers amid a continuously harsh economy. Continue reading “‘Retail Apocalypse’ Causing More Than 3,500 Stores to Close: What You’re Not Being Told”