{"id":18130,"date":"2020-01-10T14:59:18","date_gmt":"2020-01-10T22:59:18","guid":{"rendered":"https:\/\/setapartbytruth.org\/wordpress-watchman\/?p=18130"},"modified":"2020-01-10T13:54:40","modified_gmt":"2020-01-10T21:54:40","slug":"retail-apocalypse-surges-into-2020-no-end-in-sight","status":"publish","type":"post","link":"https:\/\/setapartbytruth.org\/wordpress-watchman\/retail-apocalypse-surges-into-2020-no-end-in-sight\/","title":{"rendered":"Retail Apocalypse Surges Into 2020: No End In Sight"},"content":{"rendered":"

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Mac Slavo – January 9, 2020<\/p>\n

The retail apocalypse was particularly bad in 2019, and only days into 2020, Macy\u2019s has announced it\u2019ll begin closing stores, following a trend in the industry.\u00a0 Macy\u2019s will close a minimum of 28 stores, and one Bloomingdale\u2019s as problems in retail continue.<\/p>\n

With consumer spending so high, it\u2019s hard to imagine a reason for store closures.\u00a0 \u201cWe regularly review our store portfolio and will provide an update at our Investor Day on February 5th,\u201d the company said in a statement sent to USA TODAY<\/em>.<\/a><\/p>\n

Clearance sales will begin this month and run for eight to 12 weeks, Macy\u2019s\u00a0Media Relations Manager Julianne Bartosz said in an email to\u00a0TCPalm.com<\/a>, which is part of the USA TODAY<\/em> Network, about the Macy\u2019s in the Indian River Mall in Vero Beach, Florida.\u00a0 Most other locations to be shuttered have not yet been disclosed.\u00a0 Officials also steered clear of an exact number of closings, say there would be a \u201cminimum of 28 stores\u201d permanently closed.<\/p>\n

Among the government and Federal Reserve\u2019s insistence that consumers are spending money, Macy\u2019s reported a drop in holiday sales. Macy\u2019s November and December sales results Wednesday, which showed holiday sales did not meet the expectations. \u201cMacy\u2019s, Inc.\u2019s performance during the holiday season reflected a strong trend improvement from the third quarter,\u201d CEO Jeff Gennette said in a\u00a0news release<\/a>. \u201cAdditionally, customers responded to our gifting assortment and marketing strategy, particularly in the 10 days before Christmas.\u201d<\/p>\n

https:\/\/www.shtfplan.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mac Slavo – January 9, 2020 The retail apocalypse was particularly bad in 2019, and only days into 2020, Macy\u2019s has announced it\u2019ll begin closing stores, following a trend in the industry.\u00a0 Macy\u2019s will close a minimum of 28 stores, and one Bloomingdale\u2019s as problems in retail continue. With consumer spending so high, it\u2019s hard … Continue reading Retail Apocalypse Surges Into 2020: No End In Sight<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[18],"tags":[14674,149,14677,14675,5513,6494,14676],"class_list":["post-18130","post","type-post","status-publish","format-standard","hentry","category-warning","tag-bloomingdales","tag-economy","tag-jeff-gennette","tag-julianne-bartosz","tag-macys","tag-retail-apocalypse","tag-tcpalm-com"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8fAkI-4Iq","_links":{"self":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/18130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/comments?post=18130"}],"version-history":[{"count":1,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/18130\/revisions"}],"predecessor-version":[{"id":18132,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/18130\/revisions\/18132"}],"wp:attachment":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/media?parent=18130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/categories?post=18130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/tags?post=18130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}