Stores are shutting, malls are closing and the retail sector, at least in brick and mortar form, is taking a downward spiral that’s leaving untold numbers facing unemployment lines across the country. That’s according to some politically incorrect economic analysts whose message to America is very different from the rosier one being sent from the White House and that characterizes the current trend in the bluntest of terms, as “retail apocalypse.”
Michael Snyder, a University of Florida law school graduate, former Washington, D.C., attorney, and publisher of the Economic Collapse Blog, wrote on “The End of the American Dream” blog: “Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country.”
He warned the 2015 retail lag was only worsening in 2016. “In impoverished urban centers all over the nation, it is not uncommon to find entire malls that have now been completely abandoned,” he said. “It has been estimated that there is about a billion square feet of retail space sitting empty in this country, and this crisis is only going to get worse as the retail apocalypse accelerates.” FULL REPORT
