Brick & Mortar US Retailers in Accelerating Death Spiral & US Consumer Is Tapped Out?

As expected for weeks now, once the fastest growing US retailer, Forever 21, filed for Chapter 11 bankruptcy protection on Sunday night and announced a massive amount of store closures both in the US and in their foreign stores outside the US.

Forever 21, once among America’s fastest-growing fast-fashion retailers, files for bankruptcy https://www.businessinsider.com/forever-21-will-file-for-bankruptcy-close-hundreds-of-stores-2019-9

Zero Hedge expected Forever 21 to file bankruptcy 2 weeks ago, but the company held off until Sunday night https://www.zerohedge.com/personal-finance/retail-carnage-continues-forever-21-bankruptcy-expected-sunday

Eyeing That Sweater? It’s Yours in Four Easy Payments https://www.wsj.com/articles/eyeing-that-sweater-its-yours-in-four-easy-payments-11569672000

Mass retail store closures will continue to rip through the US: Goldman Sachs https://finance.yahoo.com/news/retail-store-closures-will-continue-to-rip-through-the-us-goldman-sachs-142147842.html

Retail Bankruptcies Rise, Store Closures Skyrocket in First Half of 2019 https://www.wsj.com/articles/retail-bankruptcies-rise-store-closures-skyrocket-in-first-half-of-2019-11568206800

This is very weird and certainly not profitable: Nordstrom NYC Local Stores Will Accept Macy’s, Kohl’s Returns https://www.retailtouchpoints.com/features/news-briefs/nordstrom-nyc-local-stores-will-accept-macy-s-kohl-s-returns

More Evidence That The US Consumer Is Tapped Out:
1) US Consumers At Maximum Leverage, Might Not Be Able To Save The Day https://www.zerohedge.com/economics/us-consumers-maximum-leverage-might-not-be-able-save-day
2) Consumer Stress: Defaults Rise To Highest Level In 2019 https://www.zerohedge.com/personal-finance/consumer-stress-defaults-rise-highest-level-2019

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Brick & Mortar US Retailers in Accelerating Death Spiral & US Consumer Is Tapped Out?

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Kane Dane