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Retail apocalypse: Major chains collapsing
Posted By -NO AUTHOR- On 02/18/2013 @ 9:27 am In Front Page,Money,U.S. | No Comments
(INFOWARS.COM) If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores? When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses.
But now it is being projected that all of them will close hundreds of stores before the end of 2013. Even Wal-Mart is running into problems.
A recent internal Wal-Mart memo that was leaked to Bloombergdescribed February sales as a “total disaster”. So why is this happening?
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