For weeks now, we have been reporting on the mysterious closings of five Walmarts across the country.
2,200 Walmart employees at five stores in different cities were laid off last Tuesday and given just a few hours notice. Walmart claimed that the stores had to be closed due to plumbing issues, but many have questioned this explanation since all the stores were located in different parts of the country.
Now, Radioshack has announced that they will be closing 1,784 stores this year, and they aren’t the only ones. A new report reveals that a “retail apocalypse” is about to be upon us, and stores like Radioshack are being hit hard.
Stores that are closing more than 10 locations over the course of this year include Radio Shack, Office Depot/Office Max, Dollar Tree/Family Dollar, Walgreens, Barnes & Noble, Macy’s, Sears and JCPenney.
Here’s the full list of companies that are in trouble, and many of them will shock you.
While the Obama administration loves to brag about everything they have done for the American economy, this list proves that they have actually greatly harmed it.
“Expect to see more storefronts closed at malls across the country,” one retail watcher commented. “It’s getting ugly out there.”
Indeed, the reasons for the retail apocalypse can be traced back to Obama. For one thing, Americans are maxing out their credit cards too early in the year. Much of this can be blamed on Obama’s tax increases and his higher healthcare costs.
These retailers closing their locations will cost this country thousands of jobs. Thanks a lot Obama.
This is yet another theory as to why Walmart chose to shut down five locations a few weeks ago. Many, however, would still argue that the government is still behind these five closings.