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Economic Collapse News - Record Store Closures 2019 The Retail Sector Has Entered Full On Collapse
Economic collapse news. 2019 is breaking records for the volume of retail store closures. It seems like every week the announcements keep coming. Charlotte Russe has changed their bankruptcy plan to now closing all 500 stores, Microsoft is laying off 200 consumer sales staff, Heineken has announced they will let go of 15% of their employees, GM has announced they will be closing another processing center and letting go of the employees, and Family Dollar just announced they are closing 390 stores and changing 200 more to dollar tree brand stores. The retail sector is in all out collapse at this point. And as we attempt to show its much more than Internet sales. We hear it all the time but let's dig into the data, sorry but It is only going to get worse with the corporate debt wall only really beginning to hit in 2019 It's intensity rapidly grows through the next 4 years. Debt will need to be refinanced at higher interest rates or chapter 11 bankruptcies will be the next step. the companies in the red today will fail, the companies in the green will be moved into the red and more and more of this record debt matures.
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