This death list is pretty scary, but it’s reality and it gets lot worse before it gets better. I think in reality the retail sector is in worse shape today than it was in 2008 during the financial crisis. A soaring budget and trade deficits, rising interest rates, higher inflation, a falling U.S. Dollar a trade war and a slowing economy all causing lower earnings. It’s all related to Fed policy. Let's see how much longer Powell along with others can pretend all is well. Another reason people are shopping on the Internet is that the average American shopper is broke. They can barely afford to buy the stuff that they’re buying. In fact, most people are buying stuff that they can’t afford. They’re just buying anyway and they’re using a credit card…Retailing is a shrinking market because Americans’ pocketbooks are shrinking, their paychecks are shrinking.
Great post about retail APOCALYPSE!
