Retail Apocalypse

4,500 retail store closures 

have been announced in the 

first several months of this year. 

Last week Tesla announced

it would be closing most of its 

US showrooms.

In a recent 48-hour period,

major chains such as 

Gap, JC Penney, Victoria's Secret 

and Foot Locker have all announced 

they will be closing a total of more 

than 465 stores.

Gap, JC Penney and Victoria's Secret

reported significant declines in

same-store sales, while Foot Locker 

had modest growth.

Yet Foot Locker announced 165 

store closures across the country.

One day earlier Gap had announced 

230 store closures over the

next several years. 

JC Penney announced 18 more 

department store closures 

( out of about 850 stores )

this year, including the three 

closed in January 2019.

Yesterday I heard that 

Family Dollar stores,

owned by Dollar Tree, 

was going to close 

390 of their 15,000 stores 

in the US.

Retailer Chapter 11

bankruptcy filings 

from 2016 through 2018, 

are in the list below: