In the last week, over a thousand stores from various companies and brands announced they would be closing and restructuring there business plans. In the retail world, there are ups & downs, weaker companies have to die so stronger companies can get stronger, its just nature, but this is getting ridiculous. The brick-and- mortar scene looks to be reaching an end for most companies, as online sales are a more viable option, and that worked for many others in the past, like Service Merchandise, Montgomery Ward, and Linens N' Things, but all have ended that as well.
Within the last week, these are the companies that are either liquidating entirely, or closing individual locations; (ALL pictures are from Google):
|Closing all PS stores to take sales online|
|11 stores announced in November|
Some of the notable stores we sadly lost last year, again some are goes, others closed particular stores.
|All 300 remaining locations in the March 2014|
|Closed all stores by summer 2014|
|33 stores would close; announced in January|
|All locations by spring 2014|
|8 stores by May; announced in January|
If there are any more that I missed, I will likely do a follow up post of all latest news at a later date.
Feel free to voice thoughts and idea on what you think or how this affects you.
Thank you for reading.