Retail Stores Shutting Locations in 2019

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sargentodiaz

Member
Location
North Las Vegas, NV
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[FONT=Times New Roman, serif]And they’re all offering immense liquidation sales. Great deals.[/FONT]​
[FONT=Times New Roman, serif]As this is one of those Yahoo things, I’m only going to name some of the ones I’m familiar with.[/FONT]
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[FONT=Times New Roman, serif]Family Dollar – up to 390[/FONT]
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[FONT=Times New Roman, serif]Gap – 230[/FONT]
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[FONT=Times New Roman, serif]Starbucks – 150 of the endless outlets that are everywhere[/FONT]
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[FONT=Times New Roman, serif]Sears – 89 by this month[/FONT]
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[FONT=Times New Roman, serif]Lowe’s – 51 this year[/FONT]
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[FONT=Times New Roman, serif]Abercrombie & Fitch – 40 over a year[/FONT]​
[FONT=Times New Roman, serif]Victoria’s Secret – 53 more[/FONT]
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[FONT=Times New Roman, serif]Chico’s – 250 – never heard of them[/FONT]
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[FONT=Times New Roman, serif]J.C.Penney – 27[/FONT]​
[FONT=Times New Roman, serif]Winn-Dixie and others – 22[/FONT]​
[FONT=Times New Roman, serif]Foot Locker – 165[/FONT]
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[FONT=Times New Roman, serif]Macy’s – 8[/FONT]
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[FONT=Times New Roman, serif]Kohl’s – 4[/FONT]​
[FONT=Times New Roman, serif]Are these signs of malls dying off? We have a couple here in Vegas that’ve shut down. A lot of it is blamed on the increase in online buying.[/FONT]​
[FONT=Times New Roman, serif]If you want to go through the rigmarole of clicking through, go to https://www.thedelite.com/more-content/2/?lvl=opt2&stack=ssp&prevPage[/FONT]
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It's happening all over the modern world - UK ; OZ ; NZ etc but if you try the back streets of Bankok etc it's not affecting them - they have ready markets and can do 'instant' sales
 
Since brick and mortar retail operations cannot offer internet prices for a sustained period of time, given their operating costs, it makes sense that so many are scaling back and/or going out of business, by degrees. In the world of the future, if we don't drive our species to extinction, one way or the other, I can see a time when the large brick and mortar stores become a very rare thing, indeed, if not entirely gone for good.
 

I never have understood the attraction of S-bucks- only time I ever go there is if someone I'm with wants to go & that isn't often. I think some of the dept stores have shot themselves in the foot by cutting way back on customer service. Example: the local M-cys used to have checkout cashiers in every dept & now the local one only has 2 on first floor, one for shoes & one for everything else; second floor only one. I use a walker, went to look over a sAle on the 2nd floor, at least 20 people lined up for 1 clerk, I left, won't bother going back. There are still things I want to see, touch, try on before I buy, but in the past few years I'm just as happy with fewer of them because the bricks & mortar stores have lost respect for the customers' comfort, convenience & service.
 
My local Marks and Spencer store closes on May 4th which means that until they start online shopping later in the year I will have to do my food shop elsewhere.
 
I just received a notice in the mail, that my local PNC bank is closing !

Personal aggravation? Not much, drive about two miles farther, to the next closest branch. But it does make me wonder. This branch closed it's teller counter about a year or more ago. Inside banking was done in an officers office. Now it is closing.

Too many branches, too close to each other?

Or is this a push towards all and only online banking?
 
I've done quite a bit of online buying, but try very hard to buy things online that have a store near us. Have found out that there are items available online only, from stores close to us. If I possibly don't like the item I receive by UPS or USPS, I can return to store that is by us. If I buy something from an "off the wall" website and don't like it, I have to send it back and pay for that return.
 
How many of these and how long will these closing go on? Will this change the way we shop? I think this red hot economy we're told we have and are enjoying is not leading to a serious prolonged world wide recession or worse.
 
There have been too many bank branches for some time now. Online banking is reducing the excess.
Too many branches, too close to each other?
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People just don't care to be as helpful these days it seems, but firing staff/cutting payroll is one way for the store to stay profitable I think.
 
retiredtraveler said:
Oh no. Not Victoria's Secret. :playful:
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Oh yes....even them, LOL. I don't know a single Millennial who shops there.

Malls have been dying for over two decades. Obsolete concept and waste of RE. What on-line will turn them into is the old showroom concept. Remember those? You went into a small storefront to look at stuff and handle it, but you ordered from a catalog. They'd go in the back and take it off the shelf.

Updated to today - you walk in and see it or try it on, pick it out, pay for it with a wave of your smartphone app, and have it delivered to your office or home.

Don't want to walk in? No problem. Personal shoppers (think Lyft or Uber, but with more customer service) will bring it to you.

Eventually - sooner than we think, probably - Virtual Reality will be a commonplace part of shopping. Combined with 3D printing, retail will be customized and on-demand.
 
In recent years, I've noticed a major decline in the amount of foot traffic the few times we've visited a major mall. Many times, it seems that the major share of "customers" are Seniors who are walking the mall as a form of exercise. given the huge expenses involved with maintaining large commercial centers....utilities, maintenance, etc., it's easy to see why many traditional retail outlets can no longer compete with online sales. I can see the day coming where about the only stores left are grocery, hardware, and some clothing stores....and even those stores are finding more and more online competition.
 
Yeah, it's kinda sad. Wasn't all that long ago that going to the mall, walking around for a couple hours, buying one or two things, having a snack at the food court, "people watching" :) was considered a fun outing.
 
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it's changing differently in different places - I used to live in a town in Balllarat OZ - going to the mall was both a treat and a nightmare - often packed out - very noisy - the echo effect was unbelievable - plenty of stores and we used them and lovely roast dinners cheap - piping hot - but I was always glad to get out of the place!

don't like online shopping my younger FIL is into it regularly but I wanna stay old -fashioned! - our capital city mall is great - shops either side and a walk through [no driving] mall with seats for comfort - beach umbrellas for shade - coffee houses etc - it's not just shopping it's a social event. online shopping IMO takes the fun out of life
 
gumbud said:
it's changing differently in different places - I used to live in a town in Balllarat OZ - going to the mall was both a treat and a nightmare - often packed out - very noisy - the echo effect was unbelievable - plenty of stores and we used them and lovely roast dinners cheap - piping hot - but I was always glad to get out of the place!

don't like online shopping my younger FIL is into it regularly but I wanna stay old -fashioned! - our capital city mall is great - shops either side and a walk through [no driving] mall with seats for comfort - beach umbrellas for shade - coffee houses etc - it's not just shopping it's a social event. online shopping IMO takes the fun out of life
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Point taken, Gumbud. Sometimes I want to get "out", pick up what I need, have a bite and some coffee; look around . They're warm in winter and cool in summer. No rain on your head going from store to store.

It's just that those times are becoming less.

I think Lethe200 is really onto something! :)
 
Even our Main Street with all the little stores, shoppes and cafes are closing down....every third location is empty and I dont see them being occupied by another business....when I worked for GNC five years ago, always said these retail stores are a thing of the past cuz so many customers were switching to online buying...I'm sure we all saw it coming....
 
I celebrated my 69th birthday recently. Dad gave me a $100 bill. I decided to go to the local Walmart store and look for blu-ray movies. I was very disappointed that there were few Blu-Ray versions of the movie collections that I wanted the most (examples include the original Spider-Man movies and the Amazing Spider-Man movies in one collection.) They had the DVD versions, but not the Blu-Ray versions. I saw numerous empty spots in the displays that suggested the Blu-Ray versions had sold out.

I was tremendously disappointed. I wanted some Instant Gratification to overcome my Birthday Blues. I ended up buying some Blu-Ray collections that were much further down in my wishlist. Almost immediately, I realized I had come down with a major cold. I would have been better off if I had bought chicken soup, etc. I will never rely on the local Walmart for videos again.
 
Our local mall closed 3 yrs ago and was replaced by a shopping "plaza" with many of the same stores, so what's the diff? Other than less selection?

I do like Macy's, Starbucks, and I'd shop at Chico's if there was one nearby.
 
RadishRose said:
There have been too many bank branches for some time now. Online banking is reducing the excess.

People just don't care to be as helpful these days it seems, but firing staff/cutting payroll is one way for the store to stay profitable I think.
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I think it's more about people not actually going to banks anymore to do business. Just in the last 10 or so years before I retired, early in that period I was going to banks pretty much every day at least once, to make deposits or move money around or whatever else. In the last 5 or so years before I retired, I hardly every went, because I could make deposits, move money or whatever else online. If we needed $$ for petty cash I just sent my assistant, after approving the transaction online or phone, or just gave her the debit card to use. It saved me a huge amount of time and aggravation -- I didn't have to take time out to drive to the bank, park, stand in line, etc., and I didn't have to keep track of little deposit receipts, etc., because it was all right there online. I also didn't have to get everything ready for the accountants and get it over to them, because I could just approve their accessing our records and the bank's online.

Multiply that by the zillions of other businesses doing exactly the same thing, and that's the biggest part of why so many bank branches closed -- nobody much was going there anymore.
 
Yes, one of the most popular malls here has closed, to much disappointment. And some of the others are like graveyards. I think part of the problem is the ease of online shopping (guilty as charged), and part is the newer planned communities which combine residential housing and "town centers" with sidewalks and shops, sort of an old-fashioned concept. Personally, I prefer the malls, certainly easier in bad weather.
 

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