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The Atlantis Report, 11/10/23
"15 Retail Stores Are Getting Wiped Out Right Now"
"In the face of rising inflation and stringent credit conditions, many well-known retailers in the United States are reevaluating their physical presence to align with evolving economic realities. Escalating real estate expenses, augmented labor costs, and heightened operational expenditures have stirred apprehension among even the most successful stores chains regarding their financial stability in 2024. Concurrently, a substantial transition towards online shopping is rapidly transforming the American retail landscape, resulting in a rapid and unsettling closure of traditional brick-and-mortar stores."
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