{"id":2237746,"date":"2024-05-05T15:14:02","date_gmt":"2024-05-05T19:14:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economic-bloodbath-us-retail-confirm-169-closures-up-12-3-is-your-favorite-store-included\/"},"modified":"2024-05-05T15:17:41","modified_gmt":"2024-05-05T19:17:41","slug":"economic-bloodbath-us-retail-confirm-169-closures-up-12-3-is-your-favorite-store-included","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economic-bloodbath-us-retail-confirm-169-closures-up-12-3-is-your-favorite-store-included\/","title":{"rendered":"Economic Turmoil: 169 US Retail Closures Surge by 12.3% &#8211; Is Your Favorite Store Affected?"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feconomic-bloodbath-us-retail-confirm-169-closures-up-12-3-is-your-favorite-store-included%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2237746&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In a recent commentary by Connor Cavanaugh on May 5, 2024, the U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-cuts-key-rates-as-industrial-output-retail-sales-growth-miss-forecasts\/\" title=\"China slashes rates as industrial output, retail sales growth disappoints.\">economy faces challenges<\/a> with \u2063169 retail closures in a week, \u200dup by 12.3% year-on-year. Major stores like Urban Outfitters and Walmart \u2063have \u2063been affected.\u200c This trend, attributed to\u2064 various factors including Bidenomics, highlights ongoing \u200ceconomic \u2063concerns and impacts on\u2062 businesses. Your provided\u2064 summary is concise and captures the\u2064 key points from the commentary by Connor Cavanaugh on the challenges faced by the U.S. economy, \u2062with\u200d a focus\u2063 on the increasing retail closures and \u2063their impact on major stores. The mention\u2062 of Bidenomics and its \u200drole in the\u2062 economic situation adds depth to \u2064the analysis.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/commentary\/\">  Commentary <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/ccavanaugh\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/ccavanaugh\/%20\"><span>Connor Cavanaugh<\/span><\/a> <\/span> <span>   May 5, 2024 at 10:32am <\/span> <\/span>  <\/header>\n<section>\n<p>The economic news isn\u2019t getting any better.<\/p>\n<p>Bidenomics continues to prove itself the most lethal killer <a href=\"https:\/\/www.westernjournal.com\/bidenomics-killing-american-dream-owning-home-nationwide-study\/\" target=\"_blank\" rel=\"noopener\">of the U.S. economy<\/a> since COVID overtook the world as 169 retail stores closed in a single week, up 12.3 percent from the year before, according to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/drug-overdose-deaths-at-record-high-in-2020\/\" title=\"Drug Overdose Deaths At Record High In 2020\">data reported<\/a> last week by the U.K. <a href=\"https:\/\/www.dailymail.co.uk\/yourmoney\/consumer\/article-13367703\/store-closures-walmart-foxtrot-urban-outfitters.html\" target=\"_blank\" rel=\"noopener\">Daily Mail<\/a>.<\/p>\n<p>Staples across the country such as Urban Outfitters, <a href=\"https:\/\/www.westernjournal.com\/recall-issued-thousands-pounds-meat-sold-walmart-stores-nationwide\/\" target=\"_blank\" rel=\"noopener\">Walmart<\/a> and more shuttered locations during the week that ended April 26, the Daily Mail reported.<\/p>\n<p>The newest data bring the total number of closures this year up to 2,587, about 300 more than the same time last year, with fewer stores opening.<\/p>\n<p>\u201cYear to date, in 2024, major US retailers have announced 7.4 percent fewer openings and 12.3 percent more closures compared to the same time last year,\u201d the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-to-leapfrog-u-s-as-worlds-biggest-economy-by-2028-think-tank\/\" title=\"China to leapfrog U.S. as world\u2019s biggest economy by 2028 \u2013 think tank\">business research<\/a> and consulting firm <a href=\"https:\/\/coresight.com\/\" target=\"_blank\" rel=\"noopener\">Coresight Research<\/a> noted in a report, according to the Daily Mail.<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">US retailers confirm another 169 store closures in just one week \u2013 among them Urban Outfitters, Walmart and a premium grocery chain <a href=\"https:\/\/t.co\/vkQrBRl2Il\">https:\/\/t.co\/vkQrBRl2Il<\/a> <a href=\"https:\/\/t.co\/S29wDNZTkr\">pic.twitter.com\/S29wDNZTkr<\/a><\/p>\n<p>\u2014 Daily Mail Online (@MailOnline) <a href=\"https:\/\/twitter.com\/MailOnline\/status\/1785652717207117836?\">May 1, 2024<\/a><\/p>\n<\/blockquote>\n<p>Closures have been a hot topic in the Biden years as even after <a href=\"https:\/\/www.westernjournal.com\/rand-paul-newly-obtained-documents-show-alarming-extent-great-covid-cover\/\" target=\"_blank\" rel=\"noopener\">COVID<\/a> stores continue to <a href=\"https:\/\/www.westernjournal.com\/major-retailer-files-chapter-11-bankruptcy-81-years-business\/\" target=\"_blank\" rel=\"noopener\">close in high numbers<\/a>.<\/p>\n<p>While of course changes in the market are absolutely to blame to an extent \u2014 shifts toward online marketplaces, changes in public interest, etc. \u2014 it\u2019s clear that the business environment created by President Joe Biden\u2019s administration isn\u2019t helping.<\/p>\n<div id=\"firefly-poll-container\">\n<p>Has your family been hurt by Bidenomics?<\/p>\n<\/p><\/div>\n<p>And that\u2019s not to mention the rampant lawlessness of Democratic-run cities where <a href=\"https:\/\/www.westernjournal.com\/watch-cnn-captures-journalist-reports-shoplifting-dem-city\/\" target=\"_blank\" rel=\"noopener\">shoplifting<\/a> and other crime has <a href=\"https:\/\/www.westernjournal.com\/crime-ridden-blue-citys-dennys-will-shut-open-54-years\/\" target=\"_blank\" rel=\"noopener\">forced businesses to close<\/a>.<\/p>\n<p>In a February 2023 speech in DeForest, Wisconsin, Biden talked about his administration \u201cbuilding an economy where no one is going to be left behind,\u201d according to a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2023\/02\/08\/remarks-by-president-biden-on-the-economy-6\/\" target=\"_blank\" rel=\"noopener\">White House transcript<\/a>.<\/p>\n<p>As it\u2019s turning out, everyone is being left behind.<\/p>\n<p>That\u2019s Bidenomics.<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">Gotta love bidenomics. 2600 store closings this year. <a href=\"https:\/\/t.co\/RIWbLWQANz\">https:\/\/t.co\/RIWbLWQANz<\/a><\/p>\n<p>\u2014 Egg Zackly (@EggZackly1) <a href=\"https:\/\/twitter.com\/EggZackly1\/status\/1785639866513961213?\">May 1, 2024<\/a><\/p>\n<\/blockquote>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">.<a href=\"https:\/\/twitter.com\/hashtag\/Bidenomics?src=hash&#038;ref_src=twsrc%5Etfw\">#Bidenomics<\/a>. The economy is going just as the administration planned. A strong <a href=\"https:\/\/twitter.com\/hashtag\/MiddleClass?src=hash&#038;ref_src=twsrc%5Etfw\">#MiddleClass<\/a> is a check on their centralized government. \u2014 US retailers confirm another 169 closures in just one week <a href=\"https:\/\/t.co\/6kTUa2Jxnz\">https:\/\/t.co\/6kTUa2Jxnz<\/a> via <a href=\"https:\/\/twitter.com\/MailOnline?\">@MailOnline<\/a><\/p>\n<p>\u2014 Stephen Waters (@sbwTweet) <a href=\"https:\/\/twitter.com\/sbwTweet\/status\/1785665111215972619?\">May 1, 2024<\/a><\/p>\n<\/blockquote>\n<p>No matter what flowery language he uses when talking, or whatever claims he makes to the press, the reality is that Biden\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-caught-lying-about-buy-american-plagiarizing-president-trump\/\" title=\"Biden caught lying about \u2018Buy American\u2019, plagiarizing President Trump\">economic policies<\/a>, and the policies <a href=\"https:\/\/www.westernjournal.com\/california-workers-left-jobless-restaurant-closes-without-warning-20-minimum-wage-kicks\/\" target=\"_blank\" rel=\"noopener\">of the Democratic Party<\/a>, are disastrous for businesses.<\/p>\n<p>With immense inflation, the road to success is becoming more narrow.<\/p>\n<p>Perhaps we never return to the economy we had pre-COVID, but we can get closer.<\/p>\n<p>Of course, the easiest way to get there is casting a ballot against the aging Democrat in November and ensuring that senile geezer is nowhere near the Oval Office again.<\/p>\n<hr>\n<div>\n<p><b><i>An Important Message from Our Staff:<\/i><\/b><\/p>\n<p><i><span>We who work here at The Western Journal have fought for years against Big Tech and the elites who want to shut us down and then shut America down. <\/span><\/i><\/p>\n<p><i><span>Make no mistake \u2014 nothing will be the same after November 2024. Will you help us fight? Will you <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>help us expose the America-hating elites<\/span><\/i><\/a><i><span>  who will do everything they can to steal this election? <\/span><\/i><\/p>\n<p><i><span>We\u2019re a small group of people fighting to save the country for our readers and for our own family and friends. <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>Can we count on your help?<\/span><\/i><\/a><\/p>\n<p><i><span>At this point, Big Tech has cut off our access to 90% of advertisers. Imagine if someone took 90% of your paycheck and there was nothing you could do. They\u2019re trying to starve us out.<\/span><\/i><\/p>\n<p><i><span>Donations from readers like you have literally helped keep our lights on, and <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>we need you<\/span><\/i><\/a><i><span>  now more than ever. <\/span><\/i><\/p>\n<p><i><span>We operate on a shoestring budget, but with that budget, we terrify the globalists. Please help us continue the fight. <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>Stand with us<\/span><\/i><\/a><i><span>, and we will never surrender.<\/span><\/i><\/p>\n<p><i><span>Thank you for reading The Western Journal and for believing in America. <\/span><\/i><\/p>\n<p><i><span>It is a pleasure to serve you.<\/span><\/i><\/p>\n<p><i><span>P.S. Please don\u2019t let the America-hating left win. <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>Stand with us today<\/span><\/i><\/a><i><span>!<\/span><\/i><\/p>\n<\/p><\/div>\n<div id=\"author-info-45820\">\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/ccavanaugh\/\">  <\/a> <\/p>\n<div>\n<p><label for=\"summary-tab-radio-45820\">Summary<\/label><label for=\"posts-tab-radio-45820\">Recent<span> Posts<\/span><\/label><label for=\"contact-tab-radio-45820\" onclick=\"if( typeof grecaptcha=='undefined' ) { let cap_s=document.createElement( 'script' ); cap_s.src='https:\/\/www.google.com\/recaptcha\/api.js?render=6LeJFcsUAAAAAPsIEqvB1EebWbZfqRUe6ebMpGy7'; document.body.appendChild( cap_s ); }\">Contact<\/label><\/p>\n<div>\n<p>Connor Cavanaugh is currently a student at the University of North Texas studying Political Science. Connor has lived in Texas for the majority of his life and is a proud conservative.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a commentary by Connor Cavanaugh on May 5, 2024, at 10:32 am, the economic outlook remains grim. Bidenomics is showing a destructive impact on the U.S. economy, with 169 retail closures in a week, up by 12.3% from the previous year, as reported<\/p>\n","protected":false},"author":2888,"featured_media":2237747,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/closing-sbs-biden-for-may-5-2024.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2237746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/closing-sbs-biden-for-may-5-2024.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2237746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2888"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2237746"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2237746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2237747"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2237746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2237746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2237746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}