15 Retailers Going Out Of Business In 2024
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- čas přidán 30. 05. 2024
- The American retail landscape isn't the same as it was just a few years ago. Businesses that used to be a synonym of success are dying at a pace that is simply astonishing. Brands that used to have thousands of stores across the U.S. are going out of business after struggling for years. Many of them have done everything they could to prevent this from happening, or at least, delay their disappearance. But the economic decline gripping our nation has been unforgiving.
Over the past few years, we've lost more purchasing power than at any other point since the 1970s. We've seen the income gap get wider, with many middle-class Americans falling into the cracks and straight into poverty. The soaring cost of living has made it almost impossible for average U.S. households to save for their future. People are being very careful about their spending because, with each passing month, the cost of bare necessities like rent, food, and gas is getting higher.
That's why seeing boarded up storefronts has become the new normal. In this environment, American retailers are literally fighting for their survival. Now, they are taking every step to streamline their operations and cut costs. That includes reducing their store count even further in order to improve profitability and save their businesses from bankruptcy.
Although for some of them that's too little, too late, others are acting fast before conditions deteriorate any further. If you have a favorite brand or store, make sure to visit it while you can, because the truth is that it might not be there a few months from now. Today, we listed 15 big retailers that announced mass store closings or are going out of business in 2024. Without further ado, let's check out this list.
1. Rue21 2. Express 3. Family Dollar 4. CVS 5. Foot Locker 6. Rite Aid 7. Macy 8. Foxtrot 9. Walmart 10. TJ Max 11. Office Depot 12. Fred's 13. Claires 14. Pet Smart 15. GNC
Walmart will never die
@@Jordan-co2re: That's what people thought about Sears.
Thank you because I’m not about to sit here and listen to a robotic voice!!! 👍 👍
He forgot Red Lobster.
@@Jordan-co2re
Never say never.
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Colleen Rose Mccaffery’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
Could you possibly recommend a CFA you've consulted with?
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
I have never saw the country in the shape it is now in. I am 75 years old.
I feel ya, man, its so very depressing and theres nothing but more failure on the horizon.
I have no fking clue how the young-uns are gonna survive since all they want is to play games on computers until they become rich rappers somehow.
I remember a time before the internet and mobile phones.
A better time.
I'm glad I'm 74 I'm on limited time there is no future to look forward to
@@misterserious3522😅
Back in the 70's was mild compared to this S$#t show,,,its getting scary out there
I am 50 years old, I remember the good times of the 80's and most of the 90's.
We traded peace and prosperity for this! Not kidding.
WE TRADED GOD FOR THE MIGHTY DOLLAR 💵💵💵💵
We?? Speak for YOURself. The fools may have....
Thanks to our politicians spending money like a reckless child. Now we are all paying the price.
Consumers too.
Or maybe it's because TAXES on the rich have gone from 90% to a token 28% & half of them pay only 0%!! The increasing tax burden also helped to kill the middle class!! So let's RAISE taxes on the top 5%!! Vote BLUE to get your life back!!
Why we need to vote these installed fake representatives out
Very true and they're all up in Washington in their million-dollar condos
The dirty secret is that the very government spending that is consuming society like an ulcer, gets magically counted as part of gdp. For that reason, the public is not having the proper discussion: has marginal productivity of [federal] debt gone negative? Some have not heard that idea before, so the plain english version... a dollar borrowed causes the economy to shrink instead of provide an anemic 0.2% growth or some such as it did before the threshold was crossed. What it looks like in a boots on the ground way is borrowing more cannot even serve existing debt interest due in full, and therefore makes the debt problem ever bigger. And then the music stops. I think the US may have silently crossed the rubicon at the end of 2023 - note the fed threw up its hands and stopped raising rates. The last time they gave up on program was 2005, when M3 disapeared from all efforts.
BLS numbers have been garbage for decades - and that discussion likely only begins in earnest when a number of countries just dump bonds en masse. They have a place to run to now for international settlements, and its brics.
It’s not getting better anymore, so learn how to survive without spending money
Inflation inflation inflation . We now only have money to pay for rent , food and gas . We all about to be homeless soon !
This country is in real deep, deeper and the deepest 💩 than ever before. ☹️
No it's not. Only people that are keeping up with Joneses are there. And they can only blame themselves. No one forced them to buy, buy, buy ,buy. On credit, credit, credit.😂
#LetsGoBrandon
If you only look at your own country and not the entire world you’ll never truly understand what’s going on.
The world of greed is way out of control now!!! 👎🏼
You said it man.
Along with a whole lot of people going insane too.
Don't mind me folks, I'm just here for my daily dose of DOOOOOM!!!
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
Exactly! My grandparents were so frugal but they had a TON of money on both sides. I remember my grandfather telling me "you want to make money while you sleep." And I guess that attitude passed down to my dad (RIP), because I remember going to his house one day and I had bought something I really liked, so I wanted to show it to him. So I said "Look at this!
Isn't it cute? It was on sale...I saved 50%!" My dad replied "Well, if you're spending, you're not saving." Obviously I had no retort, and that has always stuck with me.
Saving and investing wisely while prioritizing necessities and a few small luxuries in relation to one's total assets is a great approach. It helps ensure financial stability and I my for the enjoyment of life's little pleasures without compromising long-term financial goals. It's all about finding a balance that works for you!
very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time.
How do you do that? I'm interested
Thanks to my co-worker (Alex) who suggested
Mr Stephen Milne Ebert.
This is the result of career politicians who can't even manage a lemonade stand are voted in to run a country.
Some people think this incompetent gov has the ability to come after everyone. They wouldn’t know how to if they wanted.
@@improvisedsurvival5967 The trick is you don't go after the rich people. The rich people have the legal means to make collecting their real taxes a pain in the ass. However, you could shake a few bucks out of millions of people and get the same amount without the hassle.
Because circus clowns decided to change careers and went into politics. 🤣
Walmart closing high theft stores.
That's why they're starting to lock everything up
Theft is a ongoing problem with retail stores. Nobody stopping theft cost retailers millions.
take a look at some of Cash Jordan's videos in NYC, he has several on this topic.
@@neohistoryfan1014 It's all over the United States. Our jails are too comfortable and expensive.
Ohh and retailers that sell you junk that breaks right after warranty expiration is not theft? And selling for a huge markup, is not theft?
@@worldlife9834lol. We have more people % wise in jail than Russia. And yet we call Russia a dictatorship.
By the way with all them laws I'm 💯% positive you are a criminal as well. Just didn't get caught yet.
@@rightsdontcomewithpermits7073 Did you graduate high school? Businesses must earn profit to pay rent and employees.
More monopolies and less competition means higher profits in fewer businesses that employ less people, buy local and shop local from locals
We live in an era of consumerism and it's all about desire-based consumerism and it has nothing to do with things we actually need. People are starting to realize this!
Was Raised To Always Buy What I Needed And Not What I Wanted By My Parents And Grandparents. They Also Showed Us That Example For A Lifetime. 3 Out Of 7 Kids Have Been Doing Fine Even In These Expensive Times. God Be Praised For Great Parents & Grandparents..😊
The nation is being gutted for the Great Re-set. LONG term planning, the '70's saw the off shoring of a nation that became a consuming nation. Of CHEAP plastic goods sold in Big Box stores. The FED is gangster run. Paying intrest on funny money printed out of thin air. Digital currency is the end. The state does not your opinions-shut off your card/'chip-starve.
I disagree 100% with you - we live in an era of socialism quickly heading to communism. Taxes keep going up up up, and people demanding more more more entitlements (Social Security, Medicare, foreign aid, pork budget, cancel student debt) . It's not sustainable. We live in a society where the Government says, take the vaccine, shut your business down, or we'll force your business to shut down and throw you in jail. I disagree with you - there is nothing wrong with buying products and goods - it is what built society. We have an entitlement issue that is addicted to socialist programs with people pushing more for an authoritarian communist government.
I was always anti consumer
A bunch of overpriced junk.
There better not be any liquor stores in this video.
i think liquor stores will be the last to go LOL, when the world ends ill be drinking
No worries, vices of every sort are the only growth category,
I actually need to stock-up on Vodka and Bourbon this weekend.
Gotta make those expensive extracts for baking! ❤
@@misterserious3522 They are called sin stocks, they do well in a down market compared to other investments.
That would be the best thing for the country.
Most people don’t dress nicely these days, so clothing stores are struggling.
Less people are traveling for vacation, especially going overseas.
Yeah, I got clothes and shoes that are hardly worn, some not and it's because I'll stand out. Gonna wait til I use the passport for vacation/slash new place to dwell
Pajama bottom sales are up 😂
@@anomaly2990 and tents
I'm in Southern California, where everyone wears t-shirts as clothes. 😢 I'm not talking underclothes, I mean as an actual outer top.
Well explained, The incompetence and corruption that runs through this administration in our Government are getting more risky and ridiculous, i feel the sympathy and empathy of the citizens not getting the due help they deserve, thank you Citadel Moore; imagine investing $4,000 within 4 days of your investment you're profited with $7,300 wow, thank you Jesus❤
YES!!! That's exactly her name so many people have recommended highly about her and am just starting with her from Santa Clara California
My little investment of $6,000, which was part of my salary brought me up this height applying Moore's analysis for beginners
I agree with you! Investing puts money to work. The only reason to save money is to invest it
Getting Citadel Moore to help me really helped me clear all my debits. I started with what I have left and it's been the best decision I ever made
I'm new at this, please how can I reach her?
FJB
I second that
We’re all dopes in the Joe show
They're probably closing the stores in libral strongholds because they can't sustain being regularly robbed.
Oh but Brandon says the economy is great! People have money but don't like the prices.... he says corporate greed is to blame, not higher costs like fuel, rent, wages, taxes and everything else it takes to run a business these days. Brandon says: "let them eat cake"
I was let go end of last year working as a web designer, applying to tons of posts each week, was considering retail even tho I haven’t worked in retail in 20 yrs, but now I don’t even know what to think.
I know someone who had to close his business in NJ cause the landlord tripled the rent. He quickly got a job at Walmart as a manager. It's a job.
@@annagreco7470 that’s seems like a though job for me, if people have a complaint, I’d be tempted to just give them free stuff. lol 😆
That sounds scary.
Retail is really hard to go back to.
Have you tried caregiving? Here in California, it's run by the Public Authority and is called IHSS (In Home Supportive Services). You will be called a "'Provivder" and the people you work for are called "Clients". You can have more than one client and there's no cash register involved.
You can get a couple pairs of scrubs, which will save you on laundry too.
Good luck! ❤
The kidz took over the mall and the rest is history
Aint safe no where
Dont you mean 'youfs' or "teens'?
This is what Built Back Better looks like 🤔
No this is what tax cuts for rich trickle down bs looks like thanks Reagan & Trump!
@@shaymalchione809 NO!
Bro, learn to think for yourself. This is just simple cause of effects of shit brewing for a long time.
-low wages = can't afford to shop
-no foot traffic = less profit = job cuts + store closures = more unemployed = less people that can afford to shop
This is what happens when you have a economy of only rich & poor.
The middle class is the backbone of an economy.
We live in a time where ai, robots, performance metrics, skeleton crew workforce, lack of starter homes for low income earners, jobs being sent over seas, & a lack of good paying jobs.,
When most of the jobs are retail, restaurants, or warehouse work... no one is getting ahead.
@@shaymalchione809crazy brainwashed fool. The reduction in taxes only helps the worker. Fiat currency causes prices to rise. Look at the Roman Empire and you will see similarities.
The fact that companies file for bankruptcy multiple times says it all
Uncle SAM is under 34 Trillions DEBT and increasing....😢😢😢
Struggling to pay the interest on this massive debt.
@@bromion5123 Lol they should just print 34 trillion that will solve the issue.... I'm sure of it.
When more fast food outlets are going out of business, they are directly helping to solve the obesity problem. 🤣🙃🤣
Plus the price of a better meal at a diner or pub is getting close to fast food. Makes no sense to waste hard earned money for a sloppy boring meal
@@Brian-qg8dg I made my own chicken sandwiches at home and hell you can buy Chick-Fil-A sauce at walmart. Taste roughly the same and you can make more for the cost of two meals or so.
Hopefully I’ll always have Cheetos 😂
It's in Bible that gluttony is sin, but there is much larger percentage and that scares Christians so they just target LGBT and small minorities
Skinny healthy people are more successful and earn more than fat people.
Food gets expensive, prosperity returns.
I jus don't know how we will survive without all this grossly marked up Chinese clothing? What will we wear??
😂 Too funny!
Cheap clothes are made by MANY countries around the world, including the USA.
bro shirts are $6 bucks at target.
Some companies & corporations cut head count and expect the same labor output but don’t pay that 1 employee enough to do that 3 person job!!!#UnderPaid#OverWorked#BurnedOutEmployees#LowMorale
Supposed to quiet quit.
In a significant financial maneuver, the Walton Family Holdings Trust has offloaded more than $1.5 billion worth of Walmart stock
I love how it’s narrated like a planet earth episode
Haha, he has such an ominous narrating voice. Love it, half the reason I watch these.
A large mall north of Seattle closed all the doors. It's strange to see a mall with no cars.
The , Catastrophic Depression that is moving along will take hold ,horribly. Please, Prepare hard and Pray HARDER. All love and good in, Christ. To you all. Amen 🙏
And Corporate greed, facts are the profits for Walmart and other large retailers have never been higher... Big box brick and mortar stores are dead as corporate profiteers and their shareholders win.
Online shopping is the trend today, because prices are cheaper than retail stores.
The bleeding out continues 👋🏼
A certain person sounded the change about 12 years ago look up who said this and you’ll understand why it is happening.
FUNDAMENTAL TRANSFORMATION 🥀🔥
If this is not the Great Depression 2.0, I dont know what is!
Not TJ Maxx. Come on.
Luckily the drug trade is still booming !
With stealing an over priced rent space businesses can’t afford to stay open .
I don't think it's theft. I think it's outdates business practices. I feel like these stores are using theft as a scapegoat.
Great video
I really don't care about all the big box stores, small one will coming back all over the place. No more chains same goes for Restaurants and Fast Food places. I will not miss them.
I Don't Buy Anything On Line. 😠
True the higher the rent the less spent on the market!
They'd rather loot then buy, so of course more stores will close !!!
Who is John Galt?
ur not smart
$10 dollar tennis shoe for ah hundred bucks? Please. Are you for real?
The hard working poor has done gone massive frugal let the rich money bags 💰 keep America alive
While most retail stores will go out of business, others will try everything possible to remain open and innovate until they too will have no choice but to close their stores and give the ax to loyal employees no matter how long they have been there.
very surprised companies mentioned closing
I hate Macy. Nowadays they sell junk at their stores. I haven't came back for 15 years!
it better to cut out the middle man and brand names. China need sell directly to any country consumers the same stuff, way cheaper. Stop making middlemen RICH.
OMG! Listening to this slow deep voice makes me just sit near the fireplace and sip on hot tea…and slowly fall asleep. Just keep talking. I don’t know what you are saying but its soothing.
I asked a Walmart manager today if they were getting wiped out. He said no. Do you think he knows?
Which Walmart? The local store or the entire corporation? He would only know what a district manager knows , and the sometimes know about corporate stuff, it likely they wouldn’t know.
I heard there were some corporate layoffs at Walmart today but the stores are always busy here in NJ/NY.
If these weren’t so greedy they would have customers
You’re kidding me 😂
The closing of three pharmacies and a health food store should cause the most concern imho. Who will be in charge of dispensing your medications and at what cost? Monopoly!!!
People realize that these stores have been buying cheap China junk then marking it up 5 times what they paid . Now we just order ourselves
5-10 to an apt; if the lease allows you. People are broke today. Sad.
I think a big factor in stores going bankrupt is Massive retail theft in bid democrat cities where they refuse to arrest thief's
with all these closings commercial real-estate is going to be screwed. Thank God
I’m now spending like crazy, because prices are going up so fast I won’t be able to afford stuff later.
Sad, sad. Worked at Walmart for 9 years. Biggest company then.
2008 will seem like a picnic
Didn't feel 2008 and still not feeling what is "happening" now.
@@rightsdontcomewithpermits7073
Your mom and dad must have a very nice basement and keep you stocked up in hot pockets 👍🏻
Notice have often retail theft is mentioned as a factor in store closures, especially in areas with weak prosecution like San Francisco.
Ive noticed a ton of retailors close early and they shut the lights off even when they are open to save money. It honestly is all backwards.
I really hope this is not the first domino in a commercial real estate crash.
I've cut way back on spending, pouring more into our mortgage to pay it off faster, putting money in savings.
I feel sad for employees, but the only one on this list I go to is a weekly Walmart run, the rest, almost never or definitely never.
Say goodbye to staples
Well, thank goodness, I won't be missing a lot of those stores, because I don't shop at majority of them. I am trying to avoid paying high electric bills by turning off lights and unplugging unused appliances, while running my ac at high temp 82-84. Oh, and we will probably get triple digit temps again this summer. And my husband and I have both had heat exhaustion before, so not good for us.
Goodbye 👋🏾 to big businesses
I never seen this news in mainstream media, why ?
There is so much going on that they are not reporting about...I don't even attempt to see what they are talking about anymore
Beer prices are steady and sales are on the rise. I'm good with that. However, I'm sure the Gov't will screw that up soon.
Foot Locker has been operating in the "red" since the day it opened its doors. Poor management.
Not getting discount coupons for Home Depot anymore. And they raised credit cost also.
CVS pharmacies and Walgreens are the only ones i care about so far in this video.
What public cannot see is they are doing exactly what government wishes. Falling right into their hands.
How stupid are we?
Meanwhile Amazon smokes a cigar wrapped in dollar bills
Add to this the coming Great AI Job Replacement and we'll all be going out of business.
Rite Aid is the flag bearer of the old Thrifty's Drugs. I only mention this because if they close, that's the end of the cheap and tasty Thrifty's Ice Cream counter inside them.
thanks for shoplifting us all into this situation! thanks for defunding police so this could happen!
The Voice! Also we have the voice actor of Optimus Prime which I can replicate pretty damn good and the voice guy from the PBS news documentary program called Frontline. His voice is great and makes you want to watch the episode even if you don't agree with it lol. "I am Optimus Prime!"
Walmart is NOT going under. Not this year nor next year. As for store closings, they do this regularly. It is just a means of trimming out stores that do not have enough sales to profit from the store's existence.
I am not surprised at all by the closures. With the fashion trends, sometimes there simply nothing worth buying. I am not buying anything farmhouse related or masculine or oversized. I am not buying anything poorly made. Fixing trends might have helped a lot.
I am 60 years old, my parents were born in the 1910s. They had me late in their lives, and they lived through the Great Depression.
My mom 1922 me1965 59 years old
Those high Executives and CEO salary is at fault
Actual retail outlets will continue to decline at least those that sell more expensive things that take some time to decide on. They have to warehouse items, display them, staff to sell & stock shelves, and lease or buy locations. With things like Amazon they don't need a lot of this. Walmart can compete as it can turn many into warehouses & sell online. They will just be grocery stores with fewer on floor sales. They do have massive distribution centers & transportation networks. Only thing missing is like Amazon vans but, there's usps, FedEx, and more in place doing nothing except door to door transport. The malls are in transition to living centers or closing. There's your 15 minute cities. We are changing like it or not.
They are building a brand new Wendy's by me. Too bad the chili went up $2.
Spectrum closing multiple dispatch centers across the country..
Sad about the jobs but good that people are turning off the cable TV news. It’s caused a lot of our problems having people believe a load of lies and get all nasty with one another.
@@GenXamerica I cancelled my subscriptions + my internet. Been living without home internet for over a year now.
Honesty is not the best policy in modern day America.
Ypu better be putting some canned goods and home canning away.
Kfc is out of bus here. I think local arbys is next.
Good
At least there are no mean tweets.
Walmart has actually been doing great every quarter, their store closures are in high crime areas with soft on shop lifting laws and prosecuting.
The Limited, Macy's, Paul Harris carried QUALITY pretty women's clothes. I'm soooo glad I don't have to shop for clothes today. The patterns and colors are ugly. I can't find a pair of 100% cotton denim women's jeans. Victoria's Secret had very good women's clothes. Their jeans were great and lasted a very long time. They were made of good quality fabric. No more.