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20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind

Abandoned Mall - Photo by Justin CozartIf the U.S. economy is getting better, then why are major retail chains closing thousands of stores?  If we truly are in an "economic recovery", then why do sales figures continue to go down for large retailers all over the country?  Without a doubt, the rise of Internet retailing giants such as Amazon.com have had a huge impact.  Today, there are millions of Americans that actually prefer to shop online.  Personally, when I published my novel I made it solely available on Amazon.  But Internet shopping alone does not account for the great retail apocalypse that we are witnessing.  In fact, some retail experts estimate that the Internet has accounted for only about 20 percent of the decline that we are seeing.  Most of the rest of it can be accounted for by the slow, steady death of the middle class U.S. consumer.  Median household income has declined for five years in a row, but all of our bills just keep going up.  That means that the amount of disposable income that average Americans have continues to shrink, and that is really bad news for retailers. (Read More....)

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Consumer Spending Drought: 16 Signs That The Middle Class Is Running Out Of Money

Drought - Photo by Bert KaufmannIs "discretionary income" rapidly becoming a thing of the past for most American families?  Right now, there are a lot of signs that we are on the verge of a nightmarish consumer spending drought.  Incomes are down, taxes are up, many large retail chains are deeply struggling because of the lack of customers, and at this point nearly a quarter of all Americans have more credit card debt than money in the bank.  Considering the fact that consumer spending is such a large percentage of the U.S. economy, that is very bad news.  How will we ever have a sustained economic recovery if consumers don't have much money to spend?  Well, the truth is that we aren't ever going to have a sustained economic recovery.  In fact, this debt-fueled bubble of false hope that we are experiencing right now is as good as things are going to get.  Things are going to go downhill from here, and if you think that consumer spending is bad now, just wait until you see what happens over the next several years. (Read More....)

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Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

Why Are Major Retail Chains All Over America Collapsing? -  Photo by Gars129If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores?  When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses.  But now it is being projected that all of them will close hundreds of stores before the end of 2013.  Even Wal-Mart is running into problems.  A recent internal Wal-Mart memo that was leaked to Bloomberg described February sales as a "total disaster".  So why is this happening?  Why are major retail chains all over America collapsing?  Is the "retail apocalypse" upon us?  Well, the truth is that this is just another sign that the U.S. economy is falling apart right in front of our eyes.  Incomes are declining, taxes are going up, government dependence is at an all-time high, and according to the Bureau of Labor Statistics the percentage of the U.S. labor force that is employed has been steadily falling since 2006.  The top 10% of all income earners in the U.S. are still doing very well, but most U.S. consumers are either flat broke or are drowning in debt.  The large disposable incomes that the big retail chains have depended upon in the past simply are not there anymore.  So retail chains all over the United States are now closing up unprofitable stores.  This is especially true in low income areas. (Read More....)

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Is Wal-Mart Destroying America? Facts About Wal-Mart That Will Absolutely Shock You

America absolutely loves Wal-Mart.  100 million customers visit Wal-Mart every single week in this country.  But is Wal-Mart good for America?  That is a question that most people never stop and ask.  Most of us love shopping in big, clean stores that are packed with super cheap merchandise, but the truth is that Wal-Mart is destroying America in a lot of ways.  As you will see below, Wal-Mart has destroyed tens of thousands of small businesses and countless manufacturing jobs over the past couple of decades.  Wal-Mart has become a gigantic retail behemoth that sells five times more stuff than any other retailer in the United States.  Unfortunately, a large percentage of all the stuff sold at Wal-Mart is made overseas.  What that is costing the U.S. economy in terms of lost jobs and lost revenue is incalculable.  But Wal-Mart is a perfect example of where our economic system is headed.  Our economy is becoming completely and totally dominated by highly centralized monolithic predator corporations that ruthlessly crush all competition and that will stoop to just about anything in order to cut costs.  In the future, will we all be working for gigantic communal entities that funnel all of the wealth and economic rewards to a very tiny elite?  That sounds very much like how communist China works, and red-blooded Americans should want no part of that.  America is supposed to be about free enterprise and competition and working together to build up this country, and Wal-Mart is destroying all of that. (Read More....)

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Wal-Mart Says “Serious” Inflation Is Coming

Thank you Ben Bernanke for all the money printing.  Thanks to a massive injection of cash into the financial system by the Federal Reserve and other central banks, the price of almost every major commodity has skyrocketed over the past six months.  Now those price increases are starting to filter down to the retail level.  During a recent meeting with USA TODAY's editorial board, Wal-Mart CEO Bill Simon said that rising inflation in the United States is "going to be serious" and that Wal-Mart is "seeing cost increases starting to come through at a pretty rapid rate."  For many years Wal-Mart has been famous for their "low prices", so for the head of Wal-Mart to publicly warn that much higher prices are coming is more than a little alarming.  There are millions of American families that are already drowning in debt, that can barely pay their mortgages and that are struggling to put food on the table for their families.  So what is going to happen to the U.S. economy when prices start rising substantially at places such as Wal-Mart? (Read More....)

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Mob Robbers And Rampant Looting: Is This The Future Of America?

Have you ever heard of mob robberies?  What happens is that dozens of young people storm a store at the same time, take whatever they want, and then storm out as powerless store clerks watch helplessly.  Most of the time these "mob robbers" end up getting caught, but unfortunately "group crime" is a trend that is rising.  Is it a sign of the times that large groups of people are starting to recklessly invade retail establishments?  Is this the future of America?  As I have written about so frequently, the U.S. middle class is being destroyed by this economy and large numbers of our young people are losing hope.  Frustration and anger are rising from coast to coast and millions of Americans are losing faith in the system.  The thin veneer of civilization which we all take for granted is already starting to disappear.  So what is going to happen when the economy collapses?  As our economic system fails, mob robberies and rampant looting are only going to become more common.  Let us hope that the economy can hold together for at least a couple more years, because once society falls apart things are going to get really, really ugly in our major cities. (Read More....)

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