US retail sales are now HIGHER than January and February, before the pandemic in the US.
(Meanwhile Chinese retail sales are still 1.1% lower than last July).
Tell me how China recovered better from the pandemic again? I'm sure this is great news for "recirculation"
Because of massive printing of money and free checks.
Yet American store closings are the highest in hears. over
13,200 this year alone beats previous years by far and the year is only half way. And you think 2019 was record already, and closures in 2013-2018 birthed the term retailpocalypse.
Store closures in 2020
Ascena Retail Group: 1600 Stores (bankruptcy)
Brooks Brothers: 75 Stores (bankruptcy)
Catherines: 320 (bankruptcy)
Chuck E Cheese: 54 U.S. stores (bankruptcy)
Coldwater Creek: 334 Retail, 31 factory, 7 Day Spa (bankruptcy
Destination Maternity: 90 stores (bankruptcy)
GNC: 1,200 stores (bankruptcy)
G Straw Raw: (bankruptcy) 24 stores
J. Crew: 54 stores (bankruptcy)
JCPenney
: 152 stores (bankruptcy)
K-Mart: 45 stores (bankruptcy)
Lord & Taylor: 19 stores (bankruptcy)
Modell’s Sporting Goods: 153 stores (bankruptcy)
Muji USA : 5 stores (estimated) (bankruptcy)
Neiman Marcus (Last Call): 20 stores + 4 main stores(bankruptcy)
New York & Co: 378 stores (bankruptcy)
Papyrus: 254 stores (bankruptcy)
Pier 1 Imports
: 936 stores (bankruptcy)
Roots USA: (bankruptcy) 7 stores
Sears: 51 stores (bankruptcy)
Stage Stores
: 738 stores (liquidating)
Stein Mart
: 250 est. stores (Bankruptcy)
Sur la Table: 51 stores (bankruptcy)
Tailored Brands: 500 stores (bankruptcy)
The Paper Store: 86 stores (bankruptcy)
Tuesday Morning: 230 stores (bankruptcy)
***
AC Moore: 145 stores
Art Van Furniture: 190 stores
AT&T
: 250 stores
Bath & Body Works: 50 stores
Bed Bath & Beyond: 200 stores
Bloomingdale’s: 1 store
Bose: 11 stores
Chico: 100 stores (estimated)
Children’s Place: 200 stores
Christopher Banks: 30-40 stores
CVS Pharmacy: 22 stores
Earth Fare: 50 stores
Express: 66 stories
Frye Shoe stores: 16
Forever 21: 15 stores (estimated)
GameStop
: 320 stores
Gap: 230 stores
Guess: 100 stores
Hallmark: 16 stores
Lord & Taylor: 30 or 40 stores
Lowe’s Canada: 34 stores
Lucky Market: 32 stores
Macy’s
: 125 stores (over 3 years)
Microsoft: 77 stores
New York & Co: 27 stores
Nordstrom: 16 stores
Office Depot: 90 stores
Olympia Sports: 76 stores
Party City: 21 stores
PVH
-Heritage Brands: 162 Stores
Signet Jewelers
: 232 stores
Starbucks
: 400 stores (over 18 months)
Ulta Beauty
: 19 stores
Victoria’s Secret: 250 stores
Walgreen: 100 stores (estimated)
Walmart: 2 stores
Wilson Leather & G.H. Bass: 199 stores
Zara: 1,000 stores worldwide (over 2 years)