Retail Apocalypse Heats up 6,700 stores have closed in 2017

2017 has become the worst year for store closings in the United States possibly since the Great Depression. There is a strong possibility that the actual number of store closings might exceed 10,000. Such a number is possible because analysts like Credit Suisse may not be counting franchisees and mom and pop stores that will also be going under.

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The Ever Growing List of Doomed Retailers

Expect to see a mass die-off of sick retailers in January and February of 2018 as the dust from the 2017 holiday season settles. If it is anything like last year’s numerous retailers are likely to report losses and more than a few will shut down.

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Android Pay Now Supports PayPal, Discover and Visa Checkout

Among other things that means Android Pay is now accepted at all Walgreens (NASDAQ: WBA) drugstores, Payments.com reported. It also means but Android Pay can now be integrated with Walgreens Balance Reward card program much like Apple Pay is. Unfortunately Walgreens was the only store mentioned in news stories about the new registers.

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The Retail Jobs Apocalypse is here

Hundreds of thousands of retail jobs are vanishing before our eyes.

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Walmart’s Secret Weapon against Amazon – Convenience Stores

Walmart Pickup and Fuel combines gas pumps, traditional convenience store amenities like snacks, ice and drinks and a pickup area for stuff ordered online, Business Insider reported. The emphasis will be on groceries but almost anything ordered through Walmart.com can be picked up at the stores.

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US Retail Sales Stagnant

Americans have become far more selective about their spending; and old-fashioned 1980s style conspicuous consumption and shopping for shopping’s sake is out. Americans are shopping less and spending only on the things they really need or care about.

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Visa has a Big Problem

Those numbers indicate that Visa’s revenue growth; and perhaps its business model, is not sustainable. Particularly disturbing is the sudden; and inexplicable income, drop which threatens the whole value investment argument for Visa. This company might not be the cash cow that some of us have assumed.

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Walmart Pay in 4,600 Stores

It looks as if Walmart might become the new leader in the payment solutions industry. One has to wonder how the Apple Zombies will react to that. Will it actually get them to start shopping at Walmart or not?

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Ten Threats to Walmart

Much of Walmart’s success has been based upon its ability to deliver name brands at much lower price than competitors. This is threatened because Americans are no longer buying name brands. Three of the fastest growing retailers; Aldi, Costco and Trader Joe’s, base their business model on a limited selection of low-cost but high-quality private label products.

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Here Comes Retail Apocalypse 2016

Current trends in the retail industry and the economy indicate that we will see a massive wave of store closings in 2016. The most noticeable of these closures will be in the ailing department store, office supply and clothes sectors, but we’ll also see a lot of storefronts shuttered in consolidating sectors like drugs and groceries.

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