Large retail chains are closing hundreds of stores -
Retailers realize the consumer is getting smarter. Consumers are comparison shopping online for the best deal. Consumers don't want to deal with the frustration and headaches of driving to the store.
1) Online buying is open 24/7 - brick and mortar has limited store hours
2) In several cases - no sales tax when purchasing online - brick and mortar you always pay sales tax
3) Online buying save gas, save money, save time, save having to deal with frustrating sales clerks, no waiting in line, no dealing with bad weather, in most cases free shipping, product delivered to your door, no theft from your car, no frustration finding or paying for parking, no carrying packages from store to store or at the mall
4) Hundreds of retailers are now offering bigger discounts online than going to the store.
5) When registering for free online at www.shopbestvalues.com they offer unlimited cash back from thousands of retail stores you love and trust.
Some examples of store closings
400
Office Depot/Max (by 2016)
370
Family Dollar
365
Coldwater Creek
360
Dots
300
Blockbuster
300
Sears
225
Staples (through 2015)
223
Barnes & Noble (through 2023)
200
Radio Shack (through 2017)
180
Abercrombie & Fitch (by 2015)
175
Aeropostale (“over the next several years”)
170
Jones Group (by mid-2014 )
155
Sbarro
150
American Eagle Outfitters (through 2017)
150
Rent-A-Center
145
Brown Shoes / Famous Footwear
128
GameStop
125
Children’s Place
125
P.S. from Aeropostale
100
Advance Auto
100
Crocs
91
Blockbuster (UK)
80
Wolverine World Wide (2015 - Strike Rite & Keds)
80
Kmart
70 Gamestop
(Spain)
76
EE
76
Walgreens
75
7-Eleven
74
McDonald's (Japan)
73
Liquidation World (Big Lots Canada)
70
Coach (fiscal 2015)
70
Juicy Couture
65
Fastenal
63
Build-A-Bear (through 2014)
63 Pep
Boys (“in the coming years”)
60
Aaron's
60
Crumbs Bake Shop
60
Wolverine World Wide (Stride Rite and Keds)
56 Naartjie Kids
55
Sprint
54
Destination Maternity
54
Golf Galaxy (by 2016)
50
Express (through 2015)
50 Guess
(through 2015)
50
Kitchen Collection
48 Wet Seal
42
Edwin Watts Golf
42
Fresh & Green's
39
Loehman's
33
Archiver's
33
JCPenney
26
Albertson's
26
Wet Seal
25
Build-A-Bear (through 2015)
25
Papa John’s
25
Yankee One Dollar Stores
23
Winn-Dixie
22
Homemade Pizza Co.
20
Barnes & Noble
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