Americans in more trouble - The top 15 American retailers are actively closing down stores

#TheFinanceSpacecat #top15 #economicsexplained #american
No business today is reducing your spending power after you pay for housing, energy, gas, groceries, and other monthly expenses. The majority of us have less and less money to spend on discretionary items. Some of us are even conserving that money instead of using it to prepare for the impending storm. Because of this, even some of the biggest American firms are seeing their sales, profits, and earnings drop.
After two tremendously challenging years for our economy, many of them were already struggling to make ends meet. Due to widespread issues with the supply chain, inflation, and rising commodity prices, many businesses were operating in incredibly challenging conditions. They now have some difficult decisions to make. As the holiday season approaches, even well-known companies like McDonald's and Disney are making closure announcements in an effort to reduce expenses and deal with the economic crisis that is playing out right before our eyes.
In today's video, we've provided a list of several major players in the market who recently announced intentions to close dozens or perhaps hundreds of sites. Please give us a thumbs up before reviewing this list in order to show your support. Don't forget to subscribe as well. Here are the top 15 American retailers that are currently closing down their stores,
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#1 Best Buy 01:03
#2 Walgreens 01:48
#3 Disney 02:15
#4 L’Occitane 02:59
#5 Office Depot 03:27
#6 CVS 04:00
#7 McDonald's 04:42
#8 Microsoft 05:19
#9 AT&T 05:39
#10 GameStop 06:03
#11 Pier 1 Imports 06:35
#12 Gap 07:03
#13 Chipotle 07:52
#14 Bath and Body Works 08:23
#15 Sally Beauty Supply 08:45

Music:

Attribution 4.0 International (CC BY 4.0)

Creative Commons — Attribution 3.0 Unported — CC BY 3.0

DISCLAIMERS:
I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making an investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.

[susanf]

The prices at CVS are ridiculous!! They are so marked up!

[lifestooshort]

Born in the 60's, grew up in the 70's, came to age in the 80's. Guess I'm reaching my twilight after two NDE's and the knowing the world has changed around me 🤔 Good, bad, or indifferent. Today's Amazon, is yesterday's Sears. Change or be changed, right? Thankful I was able to experience Toys "R" Us as a kid 👍

[imue]

No wonder McDonald’s customer service goes downhill on Las Vegas strip!

[thinkaboutit.]

McDonald's and Chipotle are RESTAURANTS, NOT retailers. "The four primary types of retailer formats are department stores, supermarkets, specialty stores, and online retailers."

[PearComputingDevices]

To see Walgreens on this list is a little sad. Walgreens rarely has ever closed stores st this pace. I mean sure they've closed stores in the past for a variety of reasons, but not like this. Then again look at Disney. Going woke definitely didn't help them but neither did raising fees. Disney litterally did it to themselves then added insult to injury along the way. As for the Disney stores.. We stopped shopping at ours years ago. Way too expensive for what they offer. You can basically buy most of it at Walmart for less anyway.

[codykeltner]

I get tired asking the question what have they been doing with our tax money?

[michaelkolbe]

Won't break my heart any they need a taste of what it's like to go broke ! Dam sure won't feel sorry for them they care nothing about the average person

[ScareFestTTV]

I'm your 79th subscriber! Cheers and keep up the great content 👍

[Yak]

Disney didn’t just suffer from the pandemic, they upped fees for parks and went woke and it’s breaking them.

[andrewcheshire]

If you've been laid off and need a new career, you could start an electrical apprenticeship. Huge deficit of good sparkies out there now. Pay keeps going up and demand for electricians is ever-increasing. Plus you can be certain robots will never take our jobs. At least not for 50 years or more. As an industrial sparky, I make a lot more than my very successful architect sister!

[davidsexton]

Frankly I'm glad to see these overpriced clipjoints go under. They've have been gouging us for years and this is payback.

[jnihilliams]

That McDonald’s is on PIttsburgh!!! Hell yeah!

[NicholasANappiNick]

When I grew up in the 60s we had one drug store now you have one on every corner rite aid has 2 in my town

[mharp]

"ooo nooo" greedy owners are losing business after paying crap wages for sooo long

[Adam-ggps]

Disney lost revenue because they went woke.

I had HORRIBLE experience with AT&T last summer. Switched to T Mobile, and had no problems.

[disillusionedanglophile]

More than half of these businesses had no reason to exist in the first place. The other half were superflous. Sally's; a chain of cosmetics stores? Now there is a useless concept, women's face paint

[silurian]

Managers pouring over graphs and spreadsheets -- Way to go

[reny]

is it me.... or alot of artist, actors, businesses, & collaborators to top rating movies, series are coming from Europe based countries and not so much american based???

[peterkroeker]

This is what happens when we consume but don't produce

[mikemats]

change is good ! people and companies that dont want to change no good ! I run two small businesses and had to adapt and change to a new reality but I'm still hanging in there lol...