Thursday, June 30, 2016

12 Major Retailers Closing Stores Like Crazy

Image result for sears store closingIt’s the age of Amazon, and brick-and-mortar retailers are feeling the pinch.

Amazon’s dominance—bolstered by mostly lower prices, more options and increased convenience for shoppers–has caused stores across the mall to take a hit. Teen-apparel retailer Aéropostale filed for bankruptcy in May. Later that month, JC Penneyannounced that it would cut payroll and freeze overtime for its employees. The bad news isn’t only recent: In 2015, Penney announced it would close 40 locations, while fellow mall giant Sears has shuttered more than 200 locations over the past two years.. . . more

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