Companies Going Out of Business in 2019

Share this & earn $10
American Eye
Published at : 06 Dec 2020
1172743 views
10717
2922

Have we been long overdue for a retail apocalypse? How long is gonna be until amazon takes your job? Not every company out there was meant to be around forever and the US has had a surplus of retail stores and restaurants for decades now. It was only a matter of time before they went bankrupt or closed up shops.

Subscribe to American Eye http://goo.gl/GBphkv

7. Payless
Payless is closing stores likely because they couldn’t keep up with their name, which promises that customers will payless. Payless closes all their stores in Canada and the US due to low sales. In February of 2019, they decided to liquidize all their assets and over 2400 people in canada alone lost their jobs. Just 2 years ago in the US, over 400 shops were closed and the company went under creditor protection. In April of 2017, they filed for chapter 11 bankruptcy which is never a good sign for things to come. While many would like to point the blame on amazon on this one, the most obvious reason would be that there were just way too many stores. Lots of money gets involved with keeping shoes in stock in different sizes, for kids and for women too. Rent and labor don’t make things any cheaper. Customers were paying less but at the same time, the quality wasn’t all that great in the first place.


6. Tesla Stores
Tesla is still a relatively new company but they are quick to notice the trend of online shopping and started closing stores in March of 2019. CEO Elon Musk said that tesla was launching a review of its sales and marketing effort and will start closing stores just a couple months ago. This kind of makes it a little bit difficult to get a test drive going and some things aren’t really meant to be sold online. It makes it more difficult to buy an automobile that’s already 35,000 dollars and makes it difficult for older people who aren’t internet savvy to acquire one. After 100’s of stores were closed, many are questioning this decision

5. Guitar Center
If you’re looking to get your hands on an electric guitar, you better do it soon because guitar center is closing up shop! Their website is offering clearance sales and massive warehouse markdowns. Many things are marked 100’s of dollars below their normal price, as the company prepares to liquidize all their assets. While playing an instrument is often considered to be an encouraged thing to do, many still kind of consider it to be a luxury that’s out of their price range. You’re lucky if you can find an ukulele for under 100 bucks here. They probably have more guitars on stock than people who actually play the guitar exist.

4. GNC
While maintaining a healthy diet is always important, many people don’t always see it that way and GNC’s and places like it such as vitamin shopare going out of business. Where are people ever going to find their whey protein!? Supplements are pretty easy thing to order online and you probably can’t sample anything there anyways. Manyp people don’t even really feel like their supplements work anyway. Other supplements that actually did work were banned by the FDA and they never really seemed to offer anything that was cutting edge or revolutionary that people were looking for. Vitamins are likely another marketing scam that earns over 122 billion a year. There’s not even any evidence that supports vitamin C will help you with your cold so good riddance!

3. Home Depot
Home depot announced around the end of 2018 that they would be closing down 47 locations in north america. With a similar trend in marriage, home ownership has taken a plunge in recent times as we can tell from this graph and it only seems like it’s getting worse. That means that retail stores like home depot and lowes are going to suffer as a result. People don’t need to make repairs to homes they don’t own. Experts feel as though it might become a buyers market in the year 2020 but only by a little bit. While many millennials are already struggling from student debt, many are reluctant to buy into the similar concept of getting a mortgage.

2. Macy’s
Just like many shops you might find at the shopping malls across america, Macy’s has announced that they were closing some locations down for good. In the early part of 2019, Macy’s closed down 8 shops as a part of 2 year planned closure process. They stated as far back as 2016 that they would close down at least 100 shops as more and more will continue to close down this year. They former retail giant had to cut over 5000 jobs as they’re going for a more online approach. Many are once again blaming amazon for the shop closures since you can typically buy everything they sell online but could that be the only reason? Some point the blame on their prices, competition from kohl’s and walmart as well as an overall poor shopping experience. Don’t people like trying things on before they buy them, oh yeah apparently amazon lets you do that now too.


1...
Talltaniceconomic collapseretail

Dave East - Type of Time (Official Video)

Dave East - Type of Time (Official Video)

Mahasona 👹  | Sri Lankan Multiplayer Game

Mahasona 👹 | Sri Lankan Multiplayer Game

WE'RE LOCKED OUT! Vy Defeated In Safe House by Mystery Person with Traps & Funny Pranks Challenge

WE'RE LOCKED OUT! Vy Defeated In Safe House by Mystery Person with Traps & Funny Pranks Challenge

Dirtmusic - Love Is a Foreign Country (feat. Gaye Su Akyol)

Dirtmusic - Love Is a Foreign Country (feat. Gaye Su Akyol)

1. Indicating, Recording and Integrating Instruments | Absolute & Secondary Instruments

1. Indicating, Recording and Integrating Instruments | Absolute & Secondary Instruments

How to use AS WELL AS in English -  English grammar lesson

How to use AS WELL AS in English - English grammar lesson

Giraffe Squad - Wait For Me [NCS Release]

Giraffe Squad - Wait For Me [NCS Release]

EASIEST DECK & NO SKILL - Elixir Golem (Holiday Hog Challenge) 🍊

EASIEST DECK & NO SKILL - Elixir Golem (Holiday Hog Challenge) 🍊

Alexei Navalny calls for protests over his arrest

Alexei Navalny calls for protests over his arrest

NOTES - CHRISTMAS DINNER ACTUAL IELTS LISTENING TEST IN NEW FORMAT

NOTES - CHRISTMAS DINNER ACTUAL IELTS LISTENING TEST IN NEW FORMAT

The Messed Up Origins of Peter Pan | Disney Explained - Jon Solo

The Messed Up Origins of Peter Pan | Disney Explained - Jon Solo

Even When I'm Gone - Quietdrive

Even When I'm Gone - Quietdrive

I MIGHT STOP PLAYING COD MOBILE BECAUSE OF THIS...

I MIGHT STOP PLAYING COD MOBILE BECAUSE OF THIS...

Diana and new Toy Story with Giant Surprise eggs

Diana and new Toy Story with Giant Surprise eggs

Unbelievable Moments Caught On Camera #1

Unbelievable Moments Caught On Camera #1

傳說對決 | 過年雙人飛車賽六點開賽 ft.@MAD Yuzon  @舒子晨Nikita  #傳說對決 #傳說之巔

傳說對決 | 過年雙人飛車賽六點開賽 ft.@MAD Yuzon @舒子晨Nikita #傳說對決 #傳說之巔

Which member of Brockhampton is mostly likely to be Justin Timberlake?

Which member of Brockhampton is mostly likely to be Justin Timberlake?

Opposites for Kids | Opposite Words | Opposite Words in English | Opposite | ESL | Antonyms for Kids

Opposites for Kids | Opposite Words | Opposite Words in English | Opposite | ESL | Antonyms for Kids

One of These Days (Vietnam War)

One of These Days (Vietnam War)

Sadhguru - There is No Death, Only Life | Intense & Rare Video | Mystics of India | 2018

Sadhguru - There is No Death, Only Life | Intense & Rare Video | Mystics of India | 2018

THE SHOES STAY THE SAME

THE SHOES STAY THE SAME

[M2]☆불타는노래방☆방탄소년단(BTS) 정국노래자랑 2편

[M2]☆불타는노래방☆방탄소년단(BTS) 정국노래자랑 2편

It's A Trap! - Ravenous (1999)

It's A Trap! - Ravenous (1999)

Method VS Queen Azshara WORLD FIRST - Mythic The Eternal Palace

Method VS Queen Azshara WORLD FIRST - Mythic The Eternal Palace

Obama & 107 Yr Old In Iowa Diner

Obama & 107 Yr Old In Iowa Diner

MOVING IN THE KINGDOM CULTURE | SCB Daily Streaming - January 2, 2021

MOVING IN THE KINGDOM CULTURE | SCB Daily Streaming - January 2, 2021

THE GREFG ARMY HITS PLEASANT PARK! - FORTNITE

THE GREFG ARMY HITS PLEASANT PARK! - FORTNITE

WEDDING CEREMONY BUTTA  WEDS  HARPREET

WEDDING CEREMONY BUTTA WEDS HARPREET

8 Newest Electric Bicycles Looking so Cool You will Give up Your Motorcycle

8 Newest Electric Bicycles Looking so Cool You will Give up Your Motorcycle

Shilpa Shetty, Malaika Arora and many others spotted in this Week’s Fashion Digest

Shilpa Shetty, Malaika Arora and many others spotted in this Week’s Fashion Digest

CÓ NGƯỜI (SOMEONE) - VŨ CÁT TƯỜNG | OFFICIAL MV

CÓ NGƯỜI (SOMEONE) - VŨ CÁT TƯỜNG | OFFICIAL MV

Excel 6th grade. Have to, don't have to. Must, mustn't

Excel 6th grade. Have to, don't have to. Must, mustn't

Look out! These dangerous fruits and stranger things can come back from Zombieland! -  Doodland #494

Look out! These dangerous fruits and stranger things can come back from Zombieland! - Doodland #494

convolk - wish it all would go away (prod. jakkyboi & convolk)

convolk - wish it all would go away (prod. jakkyboi & convolk)

BODYBUILDING MOTIVATION - LIGHT WEIGHT BABY

BODYBUILDING MOTIVATION - LIGHT WEIGHT BABY

Ain't No Way (You Won't Love Me)

Ain't No Way (You Won't Love Me)

#11 & #12  Choose the incorrect/correct words

#11 & #12 Choose the incorrect/correct words

Louis Goes After Harvey And Manages To Steal Versalife As A Client | Suits

Louis Goes After Harvey And Manages To Steal Versalife As A Client | Suits

How To Lock Your Bike Securely | Urban Cycle Security Tips

How To Lock Your Bike Securely | Urban Cycle Security Tips

How to Lighten Private Areas Naturally ! 100% Works at home !! Dr Heng Soy

How to Lighten Private Areas Naturally ! 100% Works at home !! Dr Heng Soy

Elektronomia - Energy 【1 HOUR】

Elektronomia - Energy 【1 HOUR】

Come along with me as I take my CNA exam + my *real* experience...

Come along with me as I take my CNA exam + my *real* experience...

Mojo Hand Fx Extra Special Overdrive

Mojo Hand Fx Extra Special Overdrive

Home production as a substitute to market consumption?

Home production as a substitute to market consumption?

Super Mario Merch, but cursed (What're Those?!)

Super Mario Merch, but cursed (What're Those?!)

Chef's favorite potato recipes - 2 Ways l Cooking with Wok

Chef's favorite potato recipes - 2 Ways l Cooking with Wok

CRAZY Golf Moments (Part 3)

CRAZY Golf Moments (Part 3)

The Ever Present Jesus Christ (Part 2)

The Ever Present Jesus Christ (Part 2)

RC Airplane Battle | Dude Perfect

RC Airplane Battle | Dude Perfect