22 votes

20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind

By Michael Snyder | March 9th, 2014

If the U.S. economy is getting better, then why are major retail chains closing thousands of stores?

If we truly are in an "economic recovery", then why do sales figures continue to go down for large retailers all over the country?

Without a doubt, the rise of Internet retailing giants such as Amazon.com have had a huge impact. Today, there are millions of Americans that actually prefer to shop online. Personally, when I published my novel I made it solely available on Amazon. But Internet shopping alone does not account for the great retail apocalypse that we are witnessing. In fact, some retail experts estimate that the Internet has accounted for only about 20 percent of the decline that we are seeing.

Most of the rest of it can be accounted for by the slow, steady death of the middle class U.S. consumer.

Median household income has declined for five years in a row, but all of our bills just keep going up. That means that the amount of disposable income that average Americans have continues to shrink, and that is really bad news for retailers.

Read more: http://theeconomiccollapseblog.com/archives/20-facts-about-t...



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

As Hu Jintao said to Barack Obama

As Hu Jintao said to Barack Obama at the 2011 meeting of the G-20 countries in Cannes, France: "Your economy is living on fumes".

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

Good news -- the Fed is

Good news -- the Fed is determined to increase inflation. I'm sure that will help middle class Americans make ends meet.

Although

I feel like the impact would be shown best in the perishable items market such as Grocery. Or one time buys, like appliance sales and the like. Drug stores are also interesting because of the quick products they sell at the time of need. There is no consumer waiting a week for headache medicine. These type of markets would be the best scale for this type of study, but I have a bad feeling there is a massive amount of cherry-picking going on in all of them.

on the plus side - shoplifting is down...

as there are no more stores to lift from.

Pandacentricism will be our downfall.

Self reliance is the key to our strength.

Self reliance is the key to our strength. It is something that everyone in the country should be working towards to protect their homes and families.

If or when things go south, the more self reliant people are the less of an impact it will have on their lives.

Thanks for the good news, emalvini. :(

Technology, outsourcing, regulations, Agenda 21 & redistribution of wealth... hmm, what else can we do to help our demise?

When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir

Don't Worry, I'll Think Of Something

lol....:)