SHOPPINGphotoblog500Christmas is over. Now get out. That was the word this week as two of the nation’s giant retailers announced to employees and shoppers the closings of dozens of stores. Macy’s is closing 14 of its 790 stores across the country. JC Penney is closing 39 of its stores and laying off 2,250 workers. And that’s just the beginning of the retail earthquake hitting America, say analysts. “I believe that we are on the verge of a number of business failures of specialty retailers as well as some national general retailers which in turn will have a domino effect on those dealing with the retail industry,” says bankruptcy expert Chuck Tatelbaum. “Because of the changes in buying habits of U.S. consumers, as a result of the continuing hesitancy to spend, the 2014 holiday season was not sufficiently successful for many retailers that have either over expanded, fell out of favor or had insufficient capital and merchandise.” The last few years have not been kind to major store chains. Many once revered brands have been closing stores. Apparently some were only staying open through the Christmas season, which will prove to be their last. “Our business is rapidly evolving in response to changes in the way customers are shopping across stores, desktops, tablets and smartphones,” explained Terry Lundren, Macy’s chief executive officer. “We must continue to invest in our business to focus on where the customer is headed – to prepare for what’s next.” More