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From: locogringo	3/20/2016 12:06:58 PM
	1 Recommendation Read Replies (2) of 1577769

Thank you, obama. What a failure and disaster you have been! Number of store closures already set to outpace last year The grim reaper is on a shopping binge. The number of shuttered stores this year is already outpacing last year’s rate — and showing no signs of slowing down. Last week, Men’s Wearhouse said it will close a whopping 250 stores, while Sports Authority filed for bankruptcy and announced plans to close 140 stores earlier this month. (Snip) While most retailers typically trim their ranks at the beginning of a new year — up to 50 percent of store closures happen around now — some industry experts say this year could be the beginning of a big shakeout. In February, Kohl’s said it will close 18 underperforming stores. Others such as teen retailer Aeropostale, with more than 900 stores, are teetering on the brink of insolvency. Big-box retailers, including Walmart, Macy’s and The Gap, are also culling stores, blaming a weak holiday season, increased competition and customers’ preference for shopping online, among the reasons. Original Article

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