Since the end of January 2013 the amount of reports on the internet predicting hundreds of retail store closing just keeps going up.
24/7 Wall St reporting that eight retailers will close more stores in 2013: Best Buy, Sears Holding (Kmart and Sears stores), JCPenney, Office Depot, Barnes & Noble, Gamestop, Office Max and RadioShack.
Video game retailer, Gamestop, predicted to shut down 600 stores! (in November 2012 they announced they would close down 200 stores, but analysts think that’s too low)
RadioShack could close 550 stores! (already closed more than 120 locations between 2010 & 2011)
Down retail sales are hitting JCPenny so hard they will likely close down 350 stores!
Barnes & Noble says they have to close down stores just to maintain current profit level, possibly 240 stores will be shut down!
Best Buy predicted to close as many as 250 stores!
Kmart could close another 225 stores!
Sears to close another 125 stores!
Office Depot to close 150!
Office Max 175! (at the end of 2011 company officials said they would close 15 to 20 stores every year for five years)
And these are the stores that are expected to end the most retail operations in the United States, there are other smaller businesses that are going down as well. Stay tuned.