By Michael Snyder: If
the U.S. economy is getting better, then why are major retail chains
closing thousands of stores? If we truly are in an "economic recovery",
then why do sales figures continue to go down for large retailers all
over the country? Without a doubt, the rise of Internet retailing
giants such as Amazon.com have had a huge impact. Today, there are
millions of Americans that actually prefer to shop online. Personally,
when I published my novel I made it solely available on Amazon. But
Internet shopping alone does not account for the great retail apocalypse
that we are witnessing. In fact, some retail experts estimate that the
Internet has accounted for only about 20 percent of the decline that we
are seeing. Most of the rest of it can be accounted for by the slow,
steady death of the middle class U.S. consumer. Median household income
has declined for five years in a row, but all of our bills just keep
going up. That means that the amount of disposable income that average
Americans have continues to shrink, and that is really bad news for
retailers.
And sadly, this is just the beginning. Retail experts are projecting
that the pace of store closings will actually accelerate over the
course of the next decade. So as you read this list below, please take note that things will soon get even worse.




