The retail chains had been teetering on the edge of closing.... The virus shutdown of retail shopping pushed them over the edge... It's hard times for big store retail.... On-line shopping and a recession economy is and will keep hurting clothing stores which have lost … [Read more...] about J.C. Penney joins the Gap and Neiman Marcus in declaring bankruptcy….
US Consumer spending
The hype about a 'robust' US economy is just that ...hype... Consumers maybe spending.... But buffeted by higher taxes, little to no income increases and trade wars around the world..and Donald Trump himself? Things are slowing slipping for the American … [Read more...] about US Economic growth slowing….