Ten Big Box Retail Stores Just Closed Their Doors Forever. Since 2017, Retail Dive has tracked major bankruptcies in the U.S. retail industry. Over the years, we’ve chronicled the long decline of once-dominant chains like Sears, and the unexpected and swift demise of others, like Lord & Taylor.
Even in that short timeframe, some retailers have fallen victim to bankruptcy not once, but twice. In 2019 alone, both Gymboree and Payless filed for their second bankruptcies in two years. And in 2020, with many retailers facing shuttered stores and slow traffic, a record number of retailers — including many who had been teetering for years — filed.
Some retailers that enter bankruptcy leave most of their stores behind, opting for a more digital-focused approach, while others are bought out by landlords and continue to operate large footprints. Some brands disappear entirely, while others seem to resurrect again and again. After Toys R Us’ swift liquidation in 2018, for example, the iconic toy brand is now sold at Macy’s.
Now the list includes:
- Lunya
- Rockport Group
- Christmas Tree Shops
- Bed Bath & Beyond
- Shoe City
- Tuesday Morning
- David’s Bridal
- Independent Pet Partners
- Party City
- Forma Brands
Article and video cross-posted from The Economic Ninja.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
How many of these are owned by the same companies?