Winter of Death for Retailers

The last two months have been very bad for some top retailers. Eight retailers have filed for bankruptcy. Some of these big name Realtor include Radio Shack, Wet Seal, C. Wonders and others. More than 1,000 stores are being closed with the loss of thousands of jobs.Click here for full article.
The problem seems to not be the recession though it didn’t help. Nor was it the bad weather, quite simply there are too many stores. America has a staggeringly high amount of investment in realtor real estate. Lee Slaughter has learned that the U.S. has an average of 20 square feet of retail space for each citizen. The UK is second with only 3 square feet per person. When Americans had to cut back due to the rescission, many companies continued to open new stores in order to bring in customers though the problem goes back to before the rescission. Companies simply can’t survive while trying to hold on to their stores.

One thought on “Winter of Death for Retailers

  1. We can expect to see more companies fold. With the closings will come the loss of jobs, not good news immediately after a recession and high unemployment. It is very vital that rushmyessay can have as much disposal to this than never.

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