The first quarter of the year has just come to a close, and retail has already lost 41,000 jobs for the year, and that doesn’t even include March’s numbers. The retail apocalypse has not yet come to a head, and the abysmal job numbers in February won’t help make up for the loss in jobs. The economy is headed for a very rough patch.
When broken down, the job losses are what sticks out as damaging to the everyday American. The numbers show 92% more retail job losses than the number of retail jobs lost during the same period of 2018, which was worse than in 2017. Meaning this is all going to get much worse by the end of 2019.
The apocalypse is ongoing, as more stores evaporate. Lifeway Christian Bookstores announced last week that it would be closing the doors of all 170 brick and mortar stores, in a pivot to focusing on digital and e-commerce. “The decision to close our local stores is a difficult one,” said Lifeway Chief Executive Officer Brad Waggoner. “While we had hoped to keep some stores open, current market projections show this is no longer a viable option.”
“This is significant, and marks an acceleration of store closures and job cuts in the near term,” said Mark Hamrick, a senior economic analyst at Bankrate. “Retail is ground zero for seeing the shifts of change in our lives.”
Malls which were once bustling have begun to look like post-apocalyptic war zones. “In the post-digital era, only the strong will survive. Darwin would love this,” said one retail analyst, according to CNBC News. But most of the stores closing did this to themselves. They racked up massive amounts of debt that they would never be able to repay. And it isn’t just online retailers like Amazon that are pushing brick and mortar stores to close.
Consumers have reached their max. Americans are at the point where they cannot borrow much more money. Putting a pair of shoes on a credit card is no longer possible for those maxed out and living paycheck to paycheck.
Modern-day retail is at a crossroads as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues.
O.K. everybody should be prepared by now if not start screaming.
VENEZUELA ?
I hope we get a full blown depression. I want it to be so bad even the illegals cant find work. I want the citizens so desperate that they will attack any illegal that they suspect is stealing their jobs. I want a illegal and anyone who employs them to be in continual fear of being found out. illegals and their employers need to have nightmares about mobs with pitchforks and torches!
I agree. Many Americans feel immune to the illegal invasion. Serious economic problems will clarify the situation for them. It’s just a matter of time and the sooner the better.
OG,
I welcome a kindred spirit. Bring on the great depression!
Although I have a different reason for wanting one,
We agree one is needed to “reset” all this artificial
inflation the government has been forcing on us for the
last 90 years.
wow, 90 yrs since the great depression !
my dad was born the yr it started.
I’m gettin’ old
The scapegoating of brown aliens is a old trick of the Oligarchy to deflect blame from themselves. “Its those poor people that have different colored skin from you poor people that are causing your problems. Its not the powerful; its those powerless impoverished immigrants you should blame.” Divide and conquer. The Know Nothing Party comes to mind. Americans have been falling for this nearly two hundred years.
Sure,the Border is a problem, but not THE problem. You’re more likely to loose your job to machine,robot,self-driving vehicle, computer, or internet than to an immigrant.
Wake up people! Both major party’s are in the control of the Wall St. Oligarchy. Wall St. doesn’t care about you, they only care about enriching themselves. They’re the ones that should be having nightmares about mobs with pitchforks and torches! But they’re not worried because they’re practiced at deflecting blame and dividing us against ourselves.
Sore about the bank Bailout? How many of us are still charging on Citi, B.of A., Chase, etc. credit cards? Just shows how blind we can be! Wake up people!
Nevertheless, I do not wish for disaster to befall our country.
The brick and mortar retail stores have not been paying attention
This was all foreseeable and not unexpected.
It will continue and actually speed up.
Just wait until AI REALLY takes off – You have not seen anything yet
Yep, Ray Charles saw it coming 20 years ago!
It could also be that people like us here preppers are all prepped up to the ceiling with so much stuff we are done shopping for the next millennium.
On line shopping (Amazon) and big box stores are also hurting the malls.
There was a time when it was considered bad taste to advertise. People only sold one item. If you made gloves, you sold gloves. There was pride in the one and only product.
Then there appeared on the scene, the Jewish salesman. He had a suitcase full of a variety of items for sale. If you did not want gloves, he had neck ties or socks, or any number of items with which to tempt you. The Jewish salesman broke the rules. He was resented but he kept on. Soon, the Jewish salesman put up bazaars, places where many items were sold. This put the makers and sellers out of business. It was no longer possible to compete with the Jewish model and so the Jews came to dominate the retail business. Brick and mortar stores were everywhere and many if not most were owned by Jewish business men. They got bigger, and bigger, with more and more items. The department store was born and then the mall.
Now, online shopping is taking the place of brick and mortar stores making the individual even more removed from the creator of the product.
And who controls this exchange of goods? The system is too centralized. It could all come apart if Amazon stopped delivering or refused to sell to a particular company, or a particular person.
We have allowed this thing to escalate out of control. It is time to think about each one of us making some one item and selling it. What can you contribute?
.
Uhhhh, Wheesky! 😀
wow I guess this site really is ok with selective racism and religious slander. Anyone could have bought and cultivated a business like Amazon, but at least people who shop Amazon are getting something for their money, unlike all the televangelist con artists who pander for your checks…..what will they do for you when (or before) the SHTF?
You don’t have to leave the house except to put gas in the car. I’m waiting to see the oil companies deliver gas to the house. Everything just about can be delivered to the house. The food companies can get a phone call from you and you can pick them up at the curb. Brick and block are history.
It’s never been better under house arrest.
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Ha ha ha, good point!
Let the well off pay retail! I’m always on the lookout for bargains, anyway. To hell with all those butt ugly shopping malls, their shitty, over priced foreign made merchandise, glitzy stores & the obnoxious shoppers/loiters who patronize such establishments! Besides that, Ole Johnny is spending his hard earned worthless Federal Reserve Notes on gettin’ ready for the day the SHTF.
The television is a weapon system. It is the Trojan Horse that gives your enemies access to your families. Destroy it.
We shut our off 7 years ago, one of the best things we ever did.
The dooky is hitting the big box fan.
Americans are faced with rising gasoline prices and soon it will be food prices that take off sharply. The consumers will have to spend on the need-to-have-now items. If it can be deferred or repaired, it will be.
I’ve been deferring or repairing a huge percentage of my stuff since high school. Or finding and repairing.
It astounds me how much shit Americans buy. I can’t even wrap my head around it. The entire country should be one giant landfill by now.
. I’m not here to fatten corporations pockets or the state. The less I buy the less sales tax I pay. I hate consumerism. I just spend my life at work taking $ no time to enjoy new vehicles and vacations. Just work. Then cum home and do things to save even more$. No smoking or drinking or drugs or gambling $. Fuck all those scams and the stock market too. I know some wise ass is gonna say yolo enjoy life. They aren’t gonna convince me to piss hard earned $ away cus I can’t take it with me when I die.