LEAKED FOOTAGE STORES CLOSING!

I mean this is getting pretty serious guys why do I feel like every day we're getting closer and closer to a lawless Wasteland that's nothing but shortages and financial ruin I'm serious here guys people are getting shot at Home Depot in broad daylight I mean take a look at this this is a Home Depot parking lot where that shooting happened and you can see just before there was caution tape and detectives investigating you see it right there that's what it looked like all day this shooting though happened at nine o'clock in the morning so as you can imagine the store and the parking lot was very busy when those deadly shots were fired one man I spoke with said he was inside checking out paying at the register when he heard those shots go off oh my God what happened can you guys believe this right in the middle of the day someone gets shot at Home Depot's parking lot like what is happening now at this point I'm not really surprised anymore a part of me even thinks that this is all on purpose like a pre-calculated scam dammit really all you need to do is look at the number of CEOs that have walked away from their companies and you can bet that most of them left with a lot of money meanwhile their companies died I hate to say it guys but almost every single day it's feeling more and more like a planned takedown of America you know what I mean just drop me a quick Amen in the comments if you guys understand Wegmans is closing one of their larger stores after only five years popular toy store the creative apple is set to close its doors after 40 Years of business grocery chains are closing stores starting June 23rd now these are real honest to God headlines you guys so that's why I thought that we should talk about this and kind of get a handle on the financial landscape and the retail situation you know let's get into all the big updates and today's video we're also going to get into these big retail chains closing shop and the real reasons stores such as Home Depot Walmart and Starbucks are closing in big cities also for the very best way to invest in gold or silver check out the links in the description down below of this video so these big chains and others have been closing in major U.S cities recently which is kind of freaking people out especially about the future of retail and downtown areas and business districts it's just really these factors that are out of control there are way too many dang stores more people are working from home everybody's shopping online the rents are through the roof crime is making people a little bit more nervous and a general difficulty to find workers that are willing to work for slave wages you know some experts say that a Resurgence of downtown retail would mean some denser neighborhoods with a broader mix of affordable housing experimental retail restaurants entertainment parks and other amenities which won't happen overnight and hey I'm all for affordable housing with all these amenities what about you guys you know I bet taking care of these things and really just taking care of the American people will go a long way in terms of solving this crime crisis that we're seeing in store closures so New York city mayor Eric Adams a Democrat even said this a while back quote we're losing chain stores that are closing down people who are being employed in these stores are losing their jobs because of crime end quote but you know what maybe crime isn't the only thing to blame here so many store closures have been happening for a while now and it's not just about the crime rates cities like San Francisco Los Angeles San Diego New York City Seattle Miami and Chicago have been losing retail stores since 2017 at least according to JPMorgan Chase Institute and it's not just crime there are a bunch of other factors coming together to put these stores at risk according to Morgan Stanley from 1995 to 2021 more stores closed every year than they opened it's a retail apocalypse as they say the government likes to say that everything is under control but the truth is this phenomenon is happening all over the country big retail chains are shutting stores down left and right Walmart alone has shut down about 40 stores since 2021 and they plan to close 20 more this year even Nordstrom and CVS they're joining the club closing a bunch of their locations Nordstrom will shut down 15 locations in 2023. CVS also announced in 2021 that it will close 900 stores over three years now one of the most surprising facts that I found out even our beloved Goodwill is not immune to this tough time they have had to shut down 18 stores in the second quarter alone lower profits and fewer people walking in the door have taken a toll on them you know what's bad when a company that doesn't have to pay for its inventory and it caters to the working and lower classes is closing its doors Goodwill I mean am I right guys even grocery chains are bleeding stores you know Wegmans well they're closing one of their larger stores this summer this is the one that's in Natick Massachusetts measuring at 134 000 square feet the store stands as one of the largest in Wegmans 110 store strong portfolio and it's one of the newest opening in 2018. now according to one of the Wegman Executives quote unfortunately with this non-traditional look location we are unable to attract enough customers for our business model to work end quote but you see it's not just the store at the fringes that are getting hit even for the stores that are still hanging on in the city centers there are fewer people walking through their doors thanks to the pandemic a whole bunch of people are working from home between 2019 and 2021 the number of people working from home tripled going from around 9 million people to a whopping 27.6 million this is according to the Census Bureau the shift to remote work is hurting those downtown shopping areas that were designed for all these office workers commuting back and forth every day and so now those office workers are spending way less money in the city centers they're taking their dollars to the suburbs instead and get this guys around 1 million people even left the city centers during the pandemic no wonder retailers are following the money and opening up shop and cheaper cities like Phoenix and Houston now everyone will see the reason why we needed mom and pop stores time for our family-owned businesses to come back what do you guys think a financial opportunity in the making maybe if we play our cards right let's not forget online shopping is still on the rise e-commerce accounted for about 14.7 percent of all retail sales in the last quarter of 2022 and the pandemic it just made the trend explode even more so really it's no surprise that certain types of stores are actually getting hit harder than others clothing shoes accessories vitamins Electronics those are the ones really taking the beating and sure you know while crime isn't the main culprit it definitely has been playing a part retail shrinkage which is a fancy term for losses from theft and other reasons it hit a whopping 94.5 billion dollars in 2021. now that's a 53 jump from 2019. yeah most of the shrinkage comes from shoplifting but it also includes employee theft and other losses it's just crazy if you think about the big picture here the whole world goes into lockdown and people are stuck in their homes to ease the pain they're given a little bit of stimulus money a little bit of pandemic cash flow if you will but you know what happens Panic buying takes over like there's no tomorrow people are hoarding Goods like there's a zombie apocalypse right outside their door course toilet paper you know what I mean I think everybody here can remember exactly how chaotic everything was back then now because of this Panic buying frenzy prices went through the roof for all sorts of stuff like Lumber housing even everyday services like construction but here's where the second part comes in while some companies were raking in the additional income streams from all sorts of channels others were suffering like never before I mean they were hurting so bad financially that they had to start closing stores left and right it was a total disaster for them with revenue losses piling up and no buyers walking through their doors it's like a ghost town in some of those places but even Giants Like Home Depot they couldn't escape the downturn they recently hit the brakes admitting that the American Consumer is simply tapped out after three years of booming sales in the Home Improvement sector it all came crashing down now I got a list of some major casualties my friend these are the big box retailers that we've all grown to love and depend on for our everyday needs but unfortunately they won't be serving some of our local towns anymore it's a real bummer but here's a Lowdown on their clothes closures all right so I already mentioned Wegmans but there's some other grocery store chains that are going to be closing their stores this summer so Giant Eagle is shutting a store later this month in West Newton Pennsylvania the store's last day is going to be June 23rd because the store's owner Mike Benji and Marianne Benji have decided to retire and close up shop now me personally I don't know why they didn't just sell the business versus just kind of closing up shop but anyway Shoppers down in the South are going to be set to lose some grocery options soon as well in a May 5th press release Natural Grocers announced that they will be closing two of their stores in the Dallas Fort Worth area the two locations in North Texas will shudder for good on June 27th oh in Kroger this grocery retail chain is feeling the pain they're waving goodbye to hundreds of locations because they've been bleeding money for a while now now the big question is where will these cities get their groceries from another big one and you guys may know this toy store it's called the creative Apple you guys know this one so apparently they could not bounce back from the pandemic plus they said it's been difficult competing alongside retail Giants such as Amazon so now customers only have days remaining to make their final purchases as the store is due to close in the middle of June so here's some other names on the list so Burger King say goodbye to 400 Burger King locations this year alone that's a lot of flame broil goodness gone even McDonald's is closing 100 stores in 2023. their president even commented how they're going to close a whopping 1 000 stores after California passed a new wage Bill well if you can't pay their wages I don't think that you should be blaming the employees you know Banana Republic they have been hit hard with a drastic drop in sales so hard that they're closing over 130 stores this year it's like our stylish and affordable clothing options are dwindling away GameStop one of the biggest gaming retail stores in the world has taken a massive hit they've already closed 462 locations this year and they're estimating another 783 closures over the next two years it's game over for them I guess fossil now this one really surprised me so fossil the watchmaker and accessory retailer they closed 75 stores this year they've lost their whopping 100 million dollars in revenue and get this guys they're planning on closing 20 more stores nationwide it's kind of like time is running out for them Macy's so when was the last time you went into a Macy's right well no wonder Macy's has been hit hard in the past couple of years they've already closed 125 stores prior to this year can you guys believe this and now they're planning to close another 45 stores this year man it's really tough just to see all of these big name stores that we've all grown up with just vanish especially the ones that we rely on for our everyday needs but hey the times are changing and we're gonna have to evolve the way we shop it's a reminder that nothing lasts forever and you know we have to adapt to the new normal and like I said guys with the changing Financial Times comes new opportunities as well as new ways of generating additional streams of income maybe it's time to look into opening up a small retail store in your area what do you guys think we could definitely talk more about that in the next one if you guys like just hit me up in the comments down below for now that was our retail store update and daily news report Home Depot and other retail Giants just closing up shop all the economic factors at play and of course the possible Financial opportunity during this crisis right now you should see two videos here above my head go ahead and click on those videos now and check those out I hope you guys got something out of today's video I appreciate you guys sticking with me and for lighting up the like button much more to come I look forward to seeing you guys on the next ones y'all be safe