MASS Store Closures Escalates In 2019! Retail Stocks Plummet!

in dtube •  6 years ago 


All across America there has been a persistent trend. Stores are closing. It started with department stores. Locations were massive and real estate was becoming more expensive. The trend has continued to spread rapidly over the last few years. Thousands of stores are closing per year. Factories are closing too. In the end, they’re not intending on hiring again. The intention is to automate the businesses as much as possible. Replace humans and make way for the robots.

Amazon to Launch New Grocery-Store Business, Sources Say
https://outline.com/9jXxSj
Amazon will reportedly launch its own chain of supermarkets
https://www.cnbc.com/2019/03/01/grocery-store-stocks-take-a-beating-on-report-that-amazon-will-launch-its-own-chain-of-supermarkets.html
• United States: e-commerce share of retail sales 2021 | Statistic
https://www.statista.com/statistics/379112/e-commerce-share-of-retail-sales-in-us/
Gap, JCPenney, Victoria's Secret, Foot Locker: 465 store closures in 48 hours - Story | WNYW
http://www.fox5ny.com/news/gap-jcpenney-victoria-s-secret-foot-locker-465-store-closures-in-48-hours
PepsiCo layoffs begin as restructuring plan kicks off - Business Insider
https://www.businessinsider.com/pepsico-layoffs-begin-restructuring-plan-kicks-off-2019-2
Tesla closing retail stores in shift to online-only sales strategy | TechCrunch
https://techcrunch.com/2019/02/28/tesla-closing-retail-stores-in-shift-to-online-only-sales-strategy/
Malls take 48 hour beating with several store closures | Fortune
http://fortune.com/2019/03/01/malls-take-48-hour-beating/


▶️ DTube
▶️ IPFS
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Didn't knew you were on dtube aswell :D