Brick & Mortar US Retailers in Accelerating Death Spiral & US Consumer Is Tapped Out?

• WallStForMainSt
  As expected for weeks now, once the fastest growing US retailer, Forever 21, filed for Chapter 11 bankruptcy protection on Sunday night and announced a massive amount of store closures both in the US and in their foreign stores outside the US.
  –
  Forever 21, once among America’s fastest-growing fast-fashion retailers, files for bankruptcy https://www.businessinsider.com/forev…
  Zero Hedge expected Forever 21 to file bankruptcy 2 weeks ago, but the company held off until Sunday night https://www.zerohedge.com/personal-fi…
  Eyeing That Sweater? It’s Yours in Four Easy Payments https://www.wsj.com/articles/eyeing-t…
  Mass retail store closures will continue to rip through the US: Goldman Sachs https://finance.yahoo.com/news/retail…
  Retail Bankruptcies Rise, Store Closures Skyrocket in First Half of 2019 https://www.wsj.com/articles/retail-b…
  This is very weird and certainly not profitable: Nordstrom NYC Local Stores Will Accept Macy’s, Kohl’s Returns https://www.retailtouchpoints.com/fea…
  More Evidence That The US Consumer Is Tapped Out:
  –
  1) US Consumers At Maximum Leverage, Might Not Be Able To Save The Day https://www.zerohedge.com/economics/u…
  2) Consumer Stress: Defaults Rise To Highest Level In 2019 https://www.zerohedge.com/personal-fi…

end