Thousands More Stores Are on the 2018 Retail Apocalypse DEATH LIST: Are your local stores on the list?

The Organic Prepper

Every year, it seems like more and more retail outlets are going out of business, resulting in the loss of jobs and local supplies. Last year, hundreds of stores closed, and this year, even more shops are scheduled to shut their doors for good.  

The 2018 Death List

This year, in an effort to save their businesses, the following retailers will close hundreds of their stores, according to Fox Business.

  • Abercrombie & Fitch: 60 more stores are charted to close
  • Aerosoles: Only 4 of their 88 stores are definitely remaining open
  • American Apparel: They’ve filed for bankruptcy and all their stores have closed (or will soon)
  • BCBG: 118 stores have closed
  • Bebe: Bebe is history and all 168 stores have closed
  • Bon-Ton: They’ve filed for Chapter 11 and will be closing 48 stores.
  • The Children’s Place: They plan to close hundreds of stores by 2020 and are going digital.
  • CVS: They closed 70 stores but thousands still remain viable.
  • Foot Locker: They’re closing 110 underperforming stores shortly.
  • Guess: 60 stores will bite the dust this year.
  • Gymboree: A whopping 350 stores will close their doors for good this year
  • HHGregg: All 220 stores will be closed this year after the company filed for bankruptcy.
  • J. Crew: They’ll be closing 50 stores instead of the original 20 they had announced.
  • J.C. Penney: They’ve closed 138 stores and plan to turn all the remaining ones into toy stores.
  • The Limited: All 250 retail locations have been closed and they’ve gone digital in an effort to remain in business.
  • Macy’s: 7 more stores will soon close and more than 5000 employees will be laid off.
  • Michael Kors: They’ll close 125 stores this year.
  • Payless: They’ll be closing a whopping 800 stores this year after recently filing for bankruptcy.
  • Radio Shack: More than 1000 stores have been shut down this year, leaving them with only 70 stores nationwide.
  • Rue 21: They’ll be closing 400 stores this year.
  • Sears/Kmart: They’ve closed over 300 locations.
  • ToysRUs: They’ve filed for bankruptcy but at this point, have not announced store closures, and have in fact, stated their stores will remain open.
  • Wet Seal: This place is history – all 171 stores will soon be closed.

And these are just the people who have announced store closures so far. In an environment hostile to brick and mortar businesses, more are sure to come.

Tens of thousands of jobs will be lost.

Even if you don’t like to shop, this is a sign of economic trouble. The malls that sit empty are a sign of massive unemployment.

Jobs in the retail sector are the most prolific in America, employing 4.3 million workers as salespeople and 3.3 million workers as cashiers. (source) The current store closures mean the end of employment for tens of thousands of workers.

All in all, the collapse of the retail industry could, at some point, put the livelihoods of more than 7 million people in jeopardy. Perhaps the doomsaying economists like Peter Schiff and Dave Kunstler are right when they warn that a Great Depression the likes of the one in the early 1900s is upon us. That means not only massive unemployment but also massive hyperinflation, making it nearly impossible to stay fed.

Let’s add to rising retail unemployment the move to more self-checkout, more AI, and more computerized systems instead of human staff. It’s not too hard to understand why people could soon be dependent on a Universal Basic Income and a return to an almost feudal society.

A Great Depression now would be far worse than the historic one we all look back on.

And if that’s the case, it’s bound to be even worse. Back in 2006, our urban population exceeded our rural population for the first time ever. This means that people will be unlikely to have the space to grow food for self-reliance.

As well, we’ve gotten so far away from the skills of self-reliance that it’s practically a lost art. Our society is one of consumers, not producers, and this means that in a depressed economy, many more people will be at the mercy of government handouts. And let’s face it, in a depression, those handouts, if they happen at all, will be very sparse.

These days, most folks don’t know how to grow food, preserve food, sew, or build. For a list of self-reliant skills and links to places that will help you learn them, go here to my Self-Reliance Manifesto. No matter where you live, some of these skills will be applicable you, and it’s more urgent now than ever to put them into practice. To learn more about living through a societal and economic collapse, check out articles by Jose, who is currently trying to get his family out of Venezuela due to their own crisis. (Here’s one that is really enlightening.)

What do you think?

Is the retail apocalypse a sign of impending financial doom or merely a move toward a more digital society? Will unemployment begin to rise even further?

The Organic Prepper

12 thoughts on “Thousands More Stores Are on the 2018 Retail Apocalypse DEATH LIST: Are your local stores on the list?

  1. Jeff Bezos is worth $120 billion personally, need I say more?

    This one man has basically killed the malls across America, while killing millions of jobs along the way. Not to mention family outings to these malls, just for the sake of getting the hell out of the goddamned house.

  2. Look at the list of stores. They’re all in the business of selling over-priced, and unnecessary merchandise.

    This is not about “brick and mortar” stores. It’s about people only having enough money to get by, and none to waste.

    These stores made their money catering to yuppies during the boom times, and that’s behind us now.

  3. Wait…

    I thought this was ALL getting better and better, and employees were seeing massive pay raises (a WHOPPING 9 cents an hour!!)??

  4. All designed to eliminate smaller companies, so we’re left with nothing but MEGA-corporations.

    Not that THAT is any ‘revelation’ for Trenchers.

    Just overstating the obvious. 🙂

  5. What’s to say except good bye to companies that never updated or put money into updating their stores. All the profits went to the exec’s for pay and bonuses. These stores look the same as they did in the 70’s and smell just as bad. Things change quickly these days, and you can adapt, adjust and overcome or just crash and burn. These companies will not be missed.
    And Mark, what’s wrong with Amazon? Try to find a wide selection of holsters, BOB items, anything you need or want at a brick store at a reasonable price, and it won’t happen. Products are limited and what’s there is over priced, or what you’re looking for is not even there at all.
    And who’s to blame for the job losses? The very sheep that don’t think for themselves. Try to find ammo in boxes of 1000 in a brick store, not going to happen. But it will on the internet.

    1. What’s wrong with Amazon? Everything is wrong with Amazon. Jew owns it, and doesn’t pay taxes, has been dodging taxes for years, Bezos owes billions on unpaid taxes.

      Amazon also sells other companies your personal information without your consent.

      Sure, you can buy ammo with Amazon, then your on a list, all your info is sold to the highest bidder. You happy with that?

      One man worth 120 billion dollars? Any Jew with that kind of money is dangerous.

      Amazon has too much power, they are in a posistion to manipulate prices whenever they damn well please. Same products with different prices are seen on Amazon, ripping us off all over the place, because Jeff Bezos is a money hungry Jew.

      Sure we’ve all used Amazon, it’s too easy, that’s the goddamned problem. Your getting screwed:

      You wanna kiss Jew ass, that’s a problem around here.

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